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Just to clear a little something about firewalls...
If you are connected to the internet directly (no router between you and the modem or *eek* the phoneline), having a software firewall filters incoming traffic and (the better firewalls) monitors outgoing traffic with proper permissions
If you are connected to the internet behind a router (or hardware firewall), having a software firewall is only good for filtering outbound traffic that has permission
Do I have that right?
I think the above also answers your question there.... a software firewall is still providing inbound or inbound/outbound (depending on the firewall).... The question is do you trust the other users enough... Do you need inbound filtered behind the NAT... Do you have a DMZ setup on your router... do you have ports forwarded... do you want those to be filtered?