1. Redirect CaliforniaSprockets.com to BuySprockets.com to pass the PR and traffic to the new domain. Manually redirect all the top pages on the old domain to new, similar pages on the new domain.
2. Use CaliforniaSprockets.com in a private blog network to prop up several sites, including BuySprockets.com. Consider that I can acquire other domains for my blog network.
3. Just use CaliforniaSprockets.com as my sprocket site, even if "California" doesn't mean much to my site.
What would you do?!?!?