Opinions on LAN Expansion

I'm looking to move my LAN into another room. Normally I would run new
Cat 5e up to attic and back down, but I have few open ports left in my
router anyway. What I am considering is purchasing a Netgear WGPS606
Wireless Print Server with 4-port switch and placing it in this other
room. Then I'll be able to connect a color deskjet to the print server
and make use of the devices 4-port switch to connect the PC in that
room, connect a NAS drive and to connect an external jetdirect box to
serve a parallel printer.

This would fee up a couple of ports on my router and put more of my
printers directly on the LAN. Looking for opinions of this setup and
whether the wireless switch's capabilities are going to be up to this
usage, the NAS drive, the Jetdirect print server, etc. My current
router is the old 11Mbps, but this Netgear print server unit/switch
will be 54Mbps. thx