Is it possible? If so, is it also possible to use the same keyboard/mouse with the two?

yes you want 1 of these its a kvm switch

linky

[Edited on 2/2/10 by YQUSTA]

Got one of those that has never been used stil in bubble pack£16 posted?

use a kvm switch all day at work - wonderful things apart from one issue - you can't cut and paste between monitors.

the other option is to run something like VNC so you can connect to the other machines desktop. This allows cut and paste but is a security nightmare.

Have installed hundreds of KVM and use them all day like Mike. Great bits of kit.

Cheers,
James

P.S. alternatively, some monitors have 2 inputs with a switch between them. But you'd have to have 2 keyboards/mice then which is a pain.

Mine for sale here....

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=200429741376&ssPageName=STRK:MESELX:IT

will sell on here for £15 inc postage via PPgift if you are interested

2PC's with 2 Monitors and

ONLY 1 Keyboard and Mouse

is also possible

You need software (free) called Synergy (linky) and the machines to be networked together

I use it with 3 Machines and 4 Monitors (& 2 different OS's) Daily with no Probs