I have the exact same switch as GATW. Works just fine for me.
The thing you want to avoid is the temptation to daisy chain a bunch of routers together. Yes, it should work for internet- but if you ever decide to share files or printers (like have your PS3 be able to play movies off your PC's hard drive) it will cause you nothing but headaches.
Plus then you have all ports live- and never have to worry about running downstairs to patch the guest room because somebody is staying in there.
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