Sand - 12:10 am on Jul 17, 2012 (gmt 0)
I find it plausible that it might give you Penguin problems.
I don't have any hard evidence yet, but I have a strong suspicion that at least a part of Penguin is set on determining what the *intent* of a site is.
I say this, because I had a couple ancillary sites that had squeaky clean link profiles, but honestly served no greater purpose than to send traffic from one site to another. They were (rightfully) knocked down a few levels with the first Penguin update, and I would surprised if they ever recover.
In the name of science, I removed all the links to the 'parent' to see what happens.