netmeg - 3:54 pm on May 9, 2012 (gmt 0)
You also own 50 sites. Both of you are doing reciprocal links (three way) and suddenly all your sites and his sites get a lot of links. This shouldn't be penalized. He likes your sites and you like his. I don't find it spammy.
A lot of people probably would, though. That's part of the problem; defining spam.