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TUSB8020B: can power be provided from the upstream USB connection?

Part Number: TUSB8020B

I'm interested in using this hub for a non-charging application - the expected current draw from the two downstream ports is around 500mA. Is there any issue in tapping off the 5VDC from the upstream port, and regulating it down to 3.3/1.1V for the hub (as well as powering the connected devices)?

Thanks!