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Right now we have two sites: "our-company.com" and "cool-widgets.com." We rank high for "cool widgets" searches due to our keyword-friendly URL, but we're merging everything into our newly-redesigned company site. Should we redirect the old "cool-widgets.com" homepage to "our-company.com" (to directly transfer the old PR and links), or would it be more prudent to redirect the old homepage to "our-company.com/cool-widgets" to keep the "cool widgets" keyword in the URL? This option seems like it would be good for maintaining organic search results, but it wouldn't pass the strong link backbone to the new site's homepage.

We have 5 ecommerce sites: one company site with all products, and then four product-specific sites with relevant URL titles and products divided up between them (www.companysite.com, www.product1.com, www.product2.com, etc). We're thinking of consolidating the smaller sites into our most successful site (www.product1.com) in order to save management time and money, even though I hate to lose the product-specific URLs in search results. Is this a wise move? If we proceed, all of the products will be available on both our company site and our most successful site (www.company.com & www.product1.com). This would unfortunately give us two sites of duplicate content, since the products will have the same pictures, descriptions, etc. The only difference would be the URL. Would we face penalties from Google, even though it would make sense to continue to carry our products on our company site?