You can have both lots of software installed on the PC, and it is possible to run both at the same time, but running both will use quite a lot of processing power. You can run one at a time with no problem
Just be very careful that you use the correct drivers for each box - they are different! I suggest that you use the SBS-1 in one USB socket, them use a different socket for RB, otherwise you will get the "Found New Hardware" message and Windows might just install the first driver it finds, and it might be the wrong driver!