Each webcam is connected to a different USB port? If so, its good.
Even if its just 1 port with 4 connected webcams. I dont think 4 320x240 will have any problem either. USB 2.0 = 320Mbps. Streaming a 320x240 video wouldn't be over 1mbps. Worst case scenario, putting a 320x240 at 2mbps + 1mb of other data. That would be 12mbps bandwidth between your usb port and the device.
So from the above, the 1 USB port can handle 4 webcams connected by a splitter just as fast as 1 640x480 webcam.,
Processing these images depends on your computer speed and how you write your algorithm.
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