errr Ed, I edited the link to a better router....the 22mbps is a 801.11B protocol and which is C R A P.
on the wireless router you can have up2 normally 64 pcs but at work we recommend to stop at 32 but even then thats not something that your average home user will have.
the speed of the Wlan is significant in someways say you play games and stuff on the laptop then you need faster.
with regards to the switch your correct in that....only 1 pc can get on the internet at any given time. but then if you connect the switch to the router you can have an infinite number