Agree I don't think it matters providing the db is designed properly.
however what may make a difference is how the db(s) are used, whether you see one growing more rapidly, wheteher you see on being hived off into another entity, whether for load balancing you need to shift to more than one server
the reality is that if you have multiple databases but installed on the same server you will still get the same perfomance issues whether its in one or multiple db's.
I could see that for archive & admin it may make more sense to split the db's so you are dealing with smaller amounts of data, or if in the event of a recover you only loose one of several d's when a restore is performed on that db.
if there is no crossover of data I suspect there is somthing to be said in keeping the logically separate.