Absolutely. People do this kind of thing all the time.
If you're transferring very large quantities of data though, you may want to consider linking your computers together via their Ethernet port, using a crossover cable. Use the network setup wizard to configure both on a workgroup, then transfer files via a shared folder. Your data transfer speeds over your Ethernet connection will be immensely faster than what a USB port can manage.
But if the thought of setting up a little network like that sends shivers down your spine, you can use a flash drive to transfer the files. It just takes longer.
If you're transferring very large quantities of data though, you may want to consider linking your computers together via their Ethernet port, using a crossover cable. Use the network setup wizard to configure both on a workgroup, then transfer files via a shared folder. Your data transfer speeds over your Ethernet connection will be immensely faster than what a USB port can manage.
But if the thought of setting up a little network like that sends shivers down your spine, you can use a flash drive to transfer the files. It just takes longer.