I own and run the site thelocalgolfer.com - we get a pretty good amount of traffic, have PR4 page ranks on a lot of pages, and are pretty well known in the golfing community. We have plans to expand throughout the entire country by the end of the year. With these grand plans we also decided to buy the domain localgolfer.com (basically getting rid of the "the") to add a little easier domain to say.
So my question is should I do a 301 redirect and move my domain to localgolfer.com? Or should I just keep it as is it is? What are the ramifications of each?