@Pixiefoto,
My first instinct is: If your marriage is unhappy you will be vulnerable to any kind of attention from men that makes you feel appreciated, noticed, beautiful. Your marriage is not fulfilling the needs that you have. But, are your needs and expectations realistic would be a good question.
Then there is the fact that your husband has cheated on you many times creating a lack of trust and displaying a behavior that is either a psychological problem or your just his convenience store.
Other problem is that this is one of your husbands friends. Ummmm nope. This is another one of your husband...if you can get that. A friend dose not do this. They might acknowledge an attraction but as a friend fend it off not encourage it. That relationship, regardless if you like him will go no where because he apparently has no problem with being a home wrecker himself.
I totally understand the children/tough split up situation. We have many discussions about divorce that lead back to "but the kids" who are young.
Not only might your husband be crushed but the potential of violence is always there. When my husband screwed up and asked a woman to watch the elections with her in his hotel room while he was out of town (but he changed his mind when things started "happening") and asked her to go???????? I thought to myself...ok, here's a woman very ready to sleep with my husband and visa versa. Do these people not think of some of the potential ramifications this could lead to. Lucky for her I'm not the violent type but I could make easily get her fired and other things to retaliate.
If your husband finds out and is crushed well he might for once have some empathy and gain understanding as to how these actions tragically mess with the victim. I don't think though that you will break this soon to be affair of quickly enough....if you do, good for you and don't ever mention it to him if it will be water under the bridge and use the fact that obviously if in the future you divorce their are other men in the sea who find you attractive and interesting...just choose an unmarried one.