USB2.0 hubs are definitely NOT the same as USB1.1 hubs. USb 1.1 will run at up to 12Mbps, USB 2.0 up to 480Mbps. Big difference
BUT most USB2.0 devices will run at 1.1 speeds if connected to a older hub, and older 1.1 devices will run at thier normal 1.1 speeds when connected to a 2.0 hub.
Most cables I see for sale nowadays are usb2.0, but you may find that the ones that came packed in with some older USB perhipherals are only 1.1 compliant.
As for a good deal on a USB hub , my local Sam's Club has a mini (2"x4") USB2.0 powered hub for somethink like $19.87. ( sorry no sku, i threw that receipt away)
You may find better prices online, etc but for a grab-it-and-get-out-the-door deal on a USB 2.0 hub its a bargain.
It is running about hald what BB and CC want for a USB2.0 hub.
On a related note Sams also has a 3-pack of USB2.0 cables for $9.97 or close to that, which is hard to beat since BB, CC, OM, OD, Staples, etc use the cables ( Usually USB 1.1) as add-on profit boosters and charge $12.00-$20.00 EACH :Q for them.