Is it possible to set up my printer to be wireLESS?

[teddyFBI]

So I just bought a fancy new all-in-one printer, but now that I've got it home, I see that my room (where my desktop and laptop are located) is so small that there's really nowhere to set it up...so I want to put it in the common room but don't want to snake the printer cable from my laptop (or desktop) out the door of my room and into the printer.

Is there a way to set it up wirelessly? In other words, it seems that in this day and age, there should be some way to send print jobs to my printer, which is just set up standing-alone in the common room without having to physically connect it to either of my computers.

Is this possible? And if so, how do I do it?

FWIW this is my printer:
http://www.walmart.com/catalog/produ...uct_id=5715442