.... I'd spend the money on three opto-couplers per camera (tx, rx, and USB 5V power) and let each camera "float" on its own.
A great, cheap, and simple idea.
However as USB-2 uses a differential data transmission it might be better to use a dual opto-coupler
for the Data lines and a seperate, standard, opto-coupler for the USB-2 5V power. It would also need to support Data transmission from the Host to the Device and Device to Host.
There are low resistance [Ultra Low R-on] versions of high speed C-MOS bilateral Analog Switch's available.
Even Original Canon Power Supplies will have a very small, but observable, blue arc if a
Canon Power Adapter is connected and then the PC to USB Mini-B connector shell is placed
very close to the Canon camera Ext_USB connector.
This camera is still working OK.
Edit #1
As a matter of interest these (assorted) Original Canon Power Supply adapters consist of
a two plastic shells, two spring connectors, two ferrite suppression beads and a power cable.
There is ample room for, a Battery third terminal, an additional forth opto-coupler and a few
additional components for anyone wanting to utilize the battery terminal sync option or the
delayed camera sync option's.
This is still a very good way to avoid the noise pickup problem on simple but long cables used
for the USB-2 +5 volt switching.
Edit #2
Also Battery third terminal as multipurpose analogue input has a well defined switch point
for anyone requiring multi-camera precision sync. But there may be delays due to other factors
such as unwanted and unneeded (i.e face recognition etc.) asks running at a high priority.
Additionally, multi-camera, fake or homebrew battery power adapters are separate and plug able
modules that don't require a custom USB-2 modifications to cables or hubs.
Fake battery power adapters might be possible by having a custom, thin, flexible PCB that
sits on top of a original canon L-ion battery thus giving direct access to cameras Battery third terminal,
which is available via the Power Cable slot or holes, and also isolating the L-ion Battery third terminal
Similar to the SD-Card Extension adapters concept. see attached file
H-H