I have a multimedia rich (i.e. bandwidth heavy) template on a domain of one of my websites and so thought it might be a good excercise to use a traditional magazine style template on a sub-domain for those of us that don't have uber-fast broadband, but rather than run two separate sites power the content from a single database.
In other words, two domains are effectively one site but presented with different templates.
So I have a cpl of q's
1.0 Is this possible with Wordpress?
2.0 Would I get punished by Search Engines?