Posts: 5,945
Name: Adam for web page design, not program
Location: Toronto, Ontario, Canada
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Two sites shouldn't really pose any significant issue. After all, there are too many shared IPs and too many possible ways in which related sites could link to each other that way without the webmasters knowing each other.
Again, if you really wanted to play it safe, you could either nofollow the links back and forth or ensure that one site doesn't get indexed. The robots.txt code I provided above will take care of that, but be careful and only use it on the second site.
The additional benefit to nofollowing the links is that you'll have a more accurate measure of the traffic going to and from those links via your stats.
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