Follow the advice that I gave you before. I.e, building a double radio extension.
It cost the price of an additional Wireless Router but then the SSID encryption etc. is independent from the main system and still every thing is on the same network.
I have a main Buffalo High power as a main. A second Buffalo set in a second house (about 60" away) as a Wireless Bridge.
Basically it looks like your OP's Diagram only that a Linksys is connected via cable to one of the Bridge's port regular port.
If you wish to separate the Networks connect the cable form the secondary to the Wireless WAN port.
The make sure that it easy to configure and fully compatible everything is flashed with DD-WRT.
If you want a better separation of the guest network instead of using a simple Wireless Router like the WRT54G get for few $$ more one of the more modern Router of the E serious (E3000 etc.) that allow to specifically configure and separate Guest accounts.
