i recently added a new section to my site, which was probably about 40,000 pages, and the very next day i've dropped 30-or-so places in the SERPs.
I've experienced drops like this before when adding loads of new stuff, and it always seems to work itself out in the end, so i'm not worried, but i was just wondering how you would have gone about adding 40,000 new pages overnight, to avoid the penalties.
Would it make sense to noindex everything for a few months, and drip-feed it in more slowly?
I wouldn't categorise it as thin content. Its all database-based (hence the high number of pages), but each page has totally unique photos, maps, travel details, addresses, opening hours, descriptions... There is plenty of unique stuff on each page. They've all got unique titles and meta descriptions too.