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Originally Posted by pdstein
Those are great questions. If I knew the answers I wouldn't be here asking. :D
I'm hoping that some SEO experts who frequent this site can shed some light on them.
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Sometimes with
SEO there are more questions than answers!
In my opinion the best choice is to keep the site as is. If you have 100,000 free sites under that domain, I would assume that at least some of them have backlinks? If so, those backlinks help your entire site - not just the subpages they link to.
If you divide your site under two domains, you'll eventually lose those backlinks. And for what? One site-wide backlink from the new domain? I'd rather have lots of backlinks from different sites, rather than one site-wide backlink.
There may be other reasons why splitting up your site might be a good idea - but if you're strictly looking at
SEO, it's probably not a good plan.