ceh4702,
Since I own a Linksys Router/Switch, I can definitely tell you that you can "share" a static IP address. The reason is that router/switch gets assigned the IP address whether static or dynamic. To your DSL provider, all they see is one MAC address, the one that the Linksys displays. All other MAC addresses on your internal LAN are hidden to the outside world. All your machines internally connect to the Linksys router in the same way, i.e., they see the Linksys as a gateway. Each machine does not depend on any other machine. You don't even have to configure your web browser to even see the router/switch. Use the LAN settings for both Netscape and IE and the browser understands not to go looking for a modem. You don't even need to setup proxy server settings and I would recommend that you don't anyway because it won't work if you try.
Phillip Chee
Learning Commons Technologist