Yes, it is possible. These posts may help too.
Networking between Vista and w98
Just added a new Vista (Home Premium) computer to my peer to peer
network (2 Win XP Pro computers, 1 Win 98 computer, 1 Mac OSX computer). All
computers ...
www.chicagotech.net/netforums/viewtopic.php?t=523 - Similar pages
chicagotech.net :: View topic - Win 98 to Vista printer sharing
Posted: Sat Dec 01, 2007 4:47 pm Post subject: Win 98 to Vista printer
sharing ... you may try to create the same username of Vista on win98. This
post may ...
www.chicagotech.net/netforums/viewtopic.php?t=2346
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Bob Lin, MS-MVP, MCSE & CNE
Networking, Internet, Routing, VPN Troubleshooting on
http://www.ChicagoTech.net
How to Setup Windows, Network, VPN & Remote Access on
http://www.HowToNetworking.com