To get back to nabs79's question, you can't have 2 VLAN's in the same LAN on the same subnet. The router would bark at you.
You can have mulitple VLAN's on the same switch port if it is in trunk mode. If it's in access mode, I believe 1 VLAN is the max unless it connects to a phone. I have heard some people say that you can have 2 VLAN's on the same access port if you have a Voice VLAN and a data VLAN and the port is connected to an IP phone. Personally, I trunk all my ports to the IP phone. If I ever had an issue with overhead traffic across the trunk, I'd restrict it to the voice and data VLAN's. Never happened yet.