I just got my MK802 II in the mail 2 days ago, and an 8GB uSD card (to flash linux onto) and a 10 port powered USB hub will be here both within a few days. You cannot go wrong with a powered hub, esp if you plan on using keyboard/mouse/ethernet adapter. I plan on powering the MK802 off the powered USB hub, booting into Linux, and running CGMiner on any devices on the hub. I've only got 1 Single to test it on, but I've got several ASICs on pre-order. I don't expect network traffic to be an issue, even over wifi, as the newest CGMiner, stratum.ozco.in, and vardiff makes network traffic pretty very tiny, and best of all independent of hashrate. I'll update this thread later this week with any results, good or bad.
Side note: I don't expect it to be any different than running on a Rpi. The main difference is that this includes wifi out of the box, rather than an ethernet port. Rpi ran into stability issues that can be corrected if you know what you're doing, and I'm planning on running into at least SOME type of setback. I'm hoping I don't, but that's just being a little optimistic.