Do you have a valid F-1 visa on your passport? If not, you will have to apply for one before you travel back to the U.S. At this interview, you will have to show strong ties to your home country, intent to return after you finish school, etc. With an H-1B petition filed in your behalf, this will be a difficult burden to meet.
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Yes yu would if you handled it the way you describedand you may not be able to return for OPT but may if everything goes fine with H1 and you get approved for H1. You could then return to work with a visa to work starting 10/1/13. Best Wishes!
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You should discuss the matter with the DSO at your school about the best way to handle the situation and any gaps in your status.
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