Is it recommended to support multiple DBs and Instances on same RAC nodes

Customer wants to install multiple databases on the same set of 3-nodes essentially making all these database 3-node rac databases on Sun fire servers.
Is this a recommended approach? What are the pitfalls?
Can this be done effectively without using local containers (which are not supported for RAC)?

The Customer would save significantly on Licencing if he does not have to add Processors into the three nodes.
Processor Based Licences don't count the number of databases and instances, only the number of CPUs (Processors).
Setting up seperate Clusters requires that many Processor Licences.
However, using multiple Standard Edition RAC installations (Linux and ASM) would have been another option.
I have run multiple databases on a single Cluster in 9iRAC. I am sure that there are customers running multiple databases in a single Cluster in 10gRAC. You'd have only one CRS and one ASM Home in each node but it may be possible to have separate Database ORACLE_HOMEs in each node as well.

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