Interlinked mini site - will it cause problems?

[alexswalker]

Hi,

Was wondering whether the following would be frowned upon?

I have a site wwWebmasterWorldidget.com.

I also own www.my-widget.com, wwWebmasterWorldidget.co.uk, www.my-widget.co.uk, wwWebmasterWorldidget.net, etc. which all point to wwWebmasterWorldidget.com via 301 redirects.

I have just set up a themed mini site at:

www.theme.my-widget.co.uk

wwWebmasterWorldidget.com and this site are both hosted on the same IP.

www.theme.my-widget.co.uk links to wwWebmasterWorldidget.com (and vice versa) so as far as the user is concerned they can see no difference between the sites.

Will google penalise the sites for cross-linking?

I am able to put www.theme.my-widget.co.uk on a different IP if that helps.

I am happy to PM the real URLs to anyone who is interested.

Thanks
Alex