Hey.. yes, the base station will act as a router and as far as your network is concerned, you could set it up either way you have described. Personally, I would skip the hub simply b/c, as you said yourself, only one other computer besides your wireless powerbook will connecting to the internet. Essentially, then, the hub is redundant. However, should more computers come into the picture, then hooking up the hub would be a big plus. Anyway, good luck with it all.