We'll:
Choose a niche
Create 2-5 "money/gold sites, each with 8-12 pages
Build a link pyramid

Keyword research. Get Dave Kelly's (Linkvana) keyword research report here:
http://www.dombom.com/cgi-bin/dcforum/dcboard.cgi?az=show_thread&om=119&forum=DCForumID42&page_num=1

He and I have very similar theories about the use of keywords. Specifically, we like to toss in as many secondary keywords on pages as possible.

And, we mix keywords up on sites. Don't over-optimize and have a site like:
dog food
dog training
dog collars
dog health

Instead:
training collars
pet food
dog mattresses
german shepard breeders

Note that the keyword "dog" isn't in every phrase and the subjects are more varied. These keywords sould be chosen based on your research.

I like Market Samurai. I believe the keyword function is free. And it should have a 30 day trial. Get the trial version, if you do buy, the trial version has a discount that's cheaper than the homepage.
http://www.noblesamurai.com/

You should research 10,000's of keywords in various, unrelated niches before making a decision. The best niches are those with 20-100 strong, related keywords, that you can mix and match with each other.

Each keyword needs to be:
1. Something you can buy at Amazon
2. You probably can't buy at your local Kmart or Walmart

Content

Your content will be based on the keyword research based on products you can find at Amazon, preferably that sell for more than $100 and have good customer ratings.

You'll want:
8-12 pages of content for your gold sites. Each page will be a few paragraphs of info about the products. Then you'll rewrite the descriptions of 2-4 Amazon products and include your afiliate link back to Amazon.

100 "Chunks"
http://www.dombom.com/cgi-bin/dcforum/dcboard.cgi?az=show_thread&om=98&forum=DCForumID42

Any and All PLR content you have. We'll use the chunks and PLR content on our silver and tin sites.

Gold sites - 8-12 pages

Silver - Generally sites like Squidoo, Hubpages, Twitter that give you a page that you have control over.

Tin - Bookmarking sites, profile pages (Angela's links), sites you submit to, like Youtube, etc.

Camaflauge Pages - Blog-like pages that have good, fun content used for your to "spam yourself". Put a PLR article and some fun youtube videos on a page/blog, then add comments that link to your profile pages. You can also add fake adsense type adds that link to your gold and silver pages.

Let's say you create a profile page on a forum. Instead of sending them to your money page and having the owner think you are spamming. Point your link to an "innocent" camaflage page, then use this camaflage page to pass link juice on to other pages of yours'.

You should start by creating at least one gold site first.

Then create your silver sites.

Next, go get links, create profiles, aquire any web properties that you can.

You need to pay attention to any resource that offers RSS. You want to know which sites let you import, export RSS or both.

If you can export an RSS pheed:
1. Add it to your "main" BlogBomb install for this project
2. Submit it to RSS directories
3. Ping it

If the resource allows you to import RSS, add your Blogbomb RSS pheed (either using random or keyword), your Squidoo pheed, or any other RSS pheed that points to your stuff.

For serious SEOers, I recommend a number of software programs.

Two must have programs:

1. Scrapebox - This is pretty hard core, blackhat tool, but can be used for whitehat stuff as well. Maybe better than Xrummer for getting links. There's a WSO for it for $49

2. Bookmark Demon 5 - Expensive, but another hard core link program.

2a. If you can't afford BMD, then check out Icansoft's SocialBot. Not as good, but a good value.

Again, if you are on a strict budget, get one of the programs and trade services with someone that owns another program.

You'll also want various types of "submitter", like directory, video, article, press release, etc. Again, trade with others if you can't afford the software.

I'll try to create some ubots to fill in the gaps and to automate getting different types of "real estate" and links.