I've also worked with micro sites / localized sites / etc with various levels of success.. The biggest issue I ran in to was time.. Now you are developing and maintaining 95 websites each with unique content instead of making one killer website.. Unlimited budget?? Unlimited labor resources?? Go for the 95 websites, just don't interlink them in to a network.. That will cause you serious problems.. Otherwise focus on building that one great website..

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Steve : Animal Charms Animal Jewelry | Fishing Blog
I'm smelling a whole lot of if coming off of this plan.