Router / Bridge / Hub / PS2 setup

Could anyone comment on this proposed solution for a wireless network?
I want to reuse some existing components to arrange my network:

I have an NTL cable modem connected to a NetGear FM114P wireless
router. This shares my internet & printer with PCs wired to the router
and an iPAQ with a CF WiFi card.

I also have a hub and a ME102 Access Point. I would like to plug my
media center PC (Win2k) and PS2 into the hub along with the ME102 in
bridging mode. The ME102 could then create a wireless connection to
the FM114P and enable my media center PC to stream MP3s off the main
PC and for both the Media PC and PS2 to get internet access.

Is this is a viable solution? Can anyone see any potential gotchas
with this?
Many thanks to everyone who takes the time to read and reply.


Thomas.