Yeah, that will work, no problem. But if you want to have two accounts playing at the same time, you need two computers, and two separate accounts (which means two monthly fees).
Otherwise, kam could just create a character on your account and play if you're not around. Be warned tho, this could lead to fistfights.
i fugred as much about the double subscript
was thinking the single ip would be a problem, but thats cool