Chris, I know what you meant (I saw it before you edited your post). Most ISPs will tell you you can't connect more than a given number of devices to the internet. But all IPs your router gives out via DHCP are a private network. With a correctly configured router/firewall, there is no way for an ISP to prove that you have more than the allowed number of devices. The only thing they could see are the MAC addresses of the devices' ethernet interfaces. But they will have a hard time proving you're in fact using more than the allowed number of computers at the same time. It's just a scare tactic...
There are a few methods of detecting the number of machines going through NAT. The most common ways involve looking at the TCP sequence numbers or using sFlow.
I've never heard of an ISP actually doing this. I doubt that many, if any, do.
Here's a little more info -http://yro.slashdot.org/article.pl?no_d2=1&sid=03/04/24/0119209
Sorry for the thread hijack.
I'll add my $.02 on your question:
First, I'm not sure why you want to do this. Having one wireless network with no encryption makes using encryption on the other wireless network pointless, unless you're setting up a firewall between the two networks and putting the unencrypted AP on a DMZ or something. Your network is only as secure as the least secure AP.
Second, most ISPs will give you only one IP address. You can get more but you'll probably have to pay for them. That's why people use these routers. The routers perform network address translation (NAT) to allow you to have a private network in your home with multiple computers. The routers make all of these computers appear to be coming from the single address that your ISP assigns you. You'll probably not be able to connect two routers to your cable modem, even if you put a switch/hub between the routers and the cable modem because only one of the routers will receive the IP address from your ISP. You could probably connect one of the routers to the cable modem and then connect the second router to the first router. However, then if the first router dies, your network will be down and you may run into problems because you'll be going through NAT twice. Doing NAT twice will break a few protocols.
If you really want to do this, I'd recommend asking your ISP if they will give you a second IP address. Then you should be able to connect both routers to your cable modem, though you'll probably need to put a switch or hub between the routers and the cable modem as the cable modem probably only has one ethernet connection.