Can I use Win 2k8 R2 as an IPSEC client?

I think you're missing the Advanced Settings tab. But here's a quick walk through.

1. Choose set up a vpn in the start menu

Start menu

2. Follow the wizard. Select "Don't Connect Now" ms vpn wizard

3. Browse to network connections in Control Panel and Right-click your new connection and choose properties network connections

4. Go to the security tab and select IPSEC. Security tab

5. Click advanced settings and enter your PSK (Pre-Shared Key) enter image description here

You may need to adjust your settings a bit from there, but that should get you most of the way.