VJoy question

[JRobATL]

So, in reading the 4 threads that came up under the "VJoy" search here, I've really only learned that vJoy is a completely separate application from VJoy. ...man that's messed up. I was able to download VJoy from Headcaze's thread, and before I start down this path, I wanted to ask:

Does VJoy allow a single keyboard (my Ultimate I/o interface) to be "seen" as a keyboard and multiple controllers at the same time?

 I'm asking specifically for a small handful of Steam games that might play great on a cab, but only allow 1 or 2 players on a keyboard and the other two on controllers only. (Yes, I have a 4p cab)

Thanks in advance!