Like many of us Bharath Bhushan was slightly miffed at the fact that you need separate supplies for a raspberry Pi and its peripherals.
His solution was both simple and elegant. He simply chopped open his USB hub, and tapped off a power feed to go directly to his Pi.
I like the clever way he cut his existing USB cable, the yellow one in the photo, using one end for the power supply and the other to extended the hub so it could more easily reach the Pi.
For an detailed explanation and full construction details go to http://bharath.lohray.com/weblog/a-power-supply-self-powered-usb-hub-for-raspberry-pi/#.UkwOQFOnepF
Unfortunately the USB hub I was using did not seem to have a separate supply regulator and so the raw 9V goes straight into a large blob on the PCB.
Its going to be a bit of a gamble if your hub is suitable, and I don't think you can easily check before buying as I can't see the people in PCB World being terribly understanding if you start taking their kit apart in the middle of the shop.
My hub was glued together, you can't just unscrew it, so I had to carefully cut round the seam with a craft knife and then gently lever it apart. Its very easy in this situation to (a) cut yourself (b) cut into the circuitry inside.
If possible hold the Hub in place with a clamp so it doesn't shift, which makes it much easier to work on accurately, and wear gloves.
Once you start to cut through it is normally possibly to gently prize it apart, slowly, without extra cutting, although you might have to work on the case to get it back together again.