As promised to our readers who are requesting for more information on the behavior of Samsung Galaxy Y when used as Internet Access Point, As I have mentioned in my replies to the comments. The Galaxy Y takes some time to load web pages upon successful connection of the laptop to the Access Point. I timed the loading time and it took about 3 minutes.
The video shows the activation of the packet data and the the portable wi-fi hotspot feature up to the connection of the laptop to the Galaxy Y. Notice that the loading of the web page is not instantaneous and you have to refresh the browser a few times before the page that you are visiting is loaded. The video also shows the peculiar behavior of the laptop's system tray showing the Wi-Fi indicator with no Internet Access but in fact it already has Internet access as shown by the loaded website. After a few more minutes, the no Internet sign is gone and the Wi-Fi indicator shows a clean white icon without the yellow triangle with an exclamation point inside.
The Access Point feature of the Samsung Galaxy Y behaves differently from regular Wi-Fi routers or access points wherein connection to the Internet is almost instantaneous the moment you connect to it. You just need to be a little patient.