My company is switching from Subversion to Mercurial. We're using .NET for our product. We have a solution with about a dozen projects that are separate modules with no dependencies on each other. We're using a central repo on a server with push/pull for our integration build.

I'm trying to figure out if I should create one central repo with all the projects in it, or if I should create a separate repo for each project. One argument for separate repos is that branching the individual modules would be easier, but an argument for a single repo is easier management and workflow.

I'm very new to hg and DVCS, so some guidance is greatly appreciated.