Parsing RSS Feed into your site as new content?

[llegent]

Ok, I am getting little crazy about this idea :-
1. If I have 10sites/domains hosted under same IP (my own server, with data center in US)
2. I parse same RSS feeds into the sites altogether.
3. Each RSS feeds pased will be having url friendly path. eg :-

• mydomain1.com/RSS-updates.html
  
• mydomain2.com/RSS-updates.html
  
• mydomain3.com/RSS-updates.html
  
• ....and so on for the rest of sites

Would SE drop these sites? and ban them? or just treat them as another url and index them??

I know this seems very crazy/nuts, I am cracking my head for next experiment.:p