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Welcome to WebmasterWorld.
Did you read paynt's welcome post [webmasterworld.com]? Nice way to get started here.
Interlinks from sites hosted at consecutive IP adresses and/or using duplicate content are very close to the edge...
If each individual site has a decent number of inbound links from other sites that you do not control, then I doubt you will have a problem. On the otherhand, if each individual site is only earning PR from your other sites, then you are at risk.
That means that each site has links to the other 34 sites.
An important element that you didn't address in describing the situation is what other links lead to the sites in question. If all 35 sites has a good, diverse set of backward links plus the interlinking, I wouldn't expect it to cause a problem.
But if just one of the sites is the "main" site and only that one has other links, then the links among your set of sites are distributing that main site's PR throughout your cirle, that'd be playing with fire.
And that's what NFFC was getting at, I believe.
absolutely same here ... but if someone was to have for instance 30/40/50 themed websites all with "unique content" and all interlinked, it may appear to an impartial outsider that those websites are infact very similiar and only exist to circulate and boost each other's pagerank, of course i know that this is not the reason that someone would produce so many websites on the same topic,
...i'm sure none of the competitors of this ring of sites would bother to go to the whois and discover they are all owned by the same person, and having discovered that they probably wouldn't think they could get an advantage by attempting to darken the name of the owner by sending a spam report to google.
;) :)