dbw said:
Yeah it would work, but I strongly recommend putting a buffered-bypass pedal the first thing out of both jacks. Otherwise the pedals for one amp will affect the sound of both.
This may be a bit misleading, so I'll clarify... you aren't going to hear the effects connected from one jack on the output of the other jack. The way that your signal chain is going to impact the sound is by loading. If you have 2 output jacks driven only by the pickups, you are going to end up with weak-sounding signals with both jacks connected to amp/signal chain.
But yes, you definitely want to either buffer the output or just use an ABY box to split it. I think the ABY box will be much simpler. If you're into DIY, you can even make your own. Just 1 link to get you started:
http://www.geofex.com/fxprojex.htm