Kevin-I am pretty sure it will not work. Of all the hubs/routers/switches I know about I have never heard of setting up a network through a usb hub. I could be wrong but I doubt it.
USB isn't the best way to go anyways, I would suggest ethernet, much more stable.
Depending on how you want to run your network you can just enable microsoft's internet connection sharing (ICS) if you put 2 nic cards in one pc or buy a router, etc. There are several options but the usb hub is not going to do it for you.
Mike