xboxexpert - Yes, we're in complete agreement. Simultaneous charging and hosting may be the mythical unicorn here, and I'm glad you (unlike some modders) recognize that before pulling out the dremel tool

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The best lead I have on the simultaneous thing would be to implement what the USB spec calls "Accessory Charger Adapter". See Chapter 6, and in particular Figure 6-2 from the specification:
www(dot)usb(dot)org/developers/devclass_docs/BCv1.2_070312.zip
Two problems with ACA, however. I can't for the life of me find a vendor who sells one of these dongles (although there seem to be a few IC's now incorporating the spec). Second I think you would need to physically break the data traces leading to the original micro-b receptacle (the easiest place might be on the ribbon cable). Otherwise you would have data collisions between the internal device and any pc/peripheral/otg device attached to the micro-b receptacle. To permit pc/peripherals/ or other data devices to mate with the nexus, you'd have to install a second micro-ab receptacle into the nexus housing. At the end of the day, the original usb port could be used for charging only, while the new micro-ab port could be used to automagically connect to both peripherals (mice, thumbdrives, etc via otg cable) and hosts (PCs).