Can iPhone 4 operate on WiFi and be a WiFi Tethered Point at the same time?

I hope this has not been discussed before and don't know why someone would want to do it other than to check your tethered setup is working. Just looking for a technical answer.
I used my iPhone 4 on my local WiFi network and set it to create it's own WiFi tethered data access point with different password encryption. I was then able to log into it with a Windows laptop using the iPhone's WiFi. When I downloaded something from the Internet, the 3G usage did not increase, only the tethered usage increased.
I was told that as soon as tethered data is used, it will use the 3G connection. The counters do not indicate this is happening. There was no change in the 3G counter even after refreshing it, but the tethered counter increased as anticipated.
Is this operation possible? 

You seem to understand it. I believe that when you tether, you have a separate allowance (I believe mostly it is 2GB) aside from your normal data balance. When you tether, it automatically uses the 3G to tether, not the wifi and the data will be subtracted from your tethering allotment. When you use data on your phone, it is subtracted from your normal data allowance (the pool not reserved for tethering) but only when using 3G. If you are on wifi on your PHONE (not tethering) it won't subtract. Hope that sort of makes sense.

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