Is this something that Apple would approve?
My obvious need would be a version of "air display" that worked over usb, but when i looked into it 2 years ago talking over usb wasn't allowed except for certified products.
If you have a WiFi-only device, or a cell plan that doesn't allow tethering, then this won't work, sadly.
Also going to look and see if you can just enable usb tether with jailbreak.
Apple is just one company... which happens to spend an inordinate amount of money on marketing and an incredible amount of effort trying to control people through the lure of nice form factor and a graphical interface.
But there's more to computing than form factor and GUI. Lots more.