You are correct about the ip address. Search engines mainly use it for geo-targetting.
However, I wouldn't advise you to use a separate domain for each of your web pages. This is like a doorway page. In addition, you will actually be
pr splitting and doing more harm than good.
Here's why (not the best example, but gives you an idea)
Let's say you have maindomain.com and 2 of your pages are domain1.com and domain2.com
If, hypothetically, it takes 100 incoming links to get a pr5, you would need 100 links to each of those 3 domains to get a pr5 on each one.
However, if you channelled all 300 links to the maindomain.com then you might actually get a pr6, or pr7. That
pr would end up filtering down to your sub-pages anyway, most likely giving them a pr5 or pr6 anyway.
That said, don't concentrate so much on
pr.
pr is nothing more than a visual indicator .