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Originally Posted by Head Boy
One disadvantage of using a single IP is the the search engines will lump all your domains together, and they may not count your interlinking for SE promotion.
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I don't think that's necessarily true (it may be but I don't think it is) since ARIN announced a clampdown on the number of new ips that would be made available.
I have a box with Rackshack (or whatever it's called now) and I only have two IPs for my nameservers - all my domains are virtual name based. I believe the only extra IPs I could get would be for SSL.