Is it fair (as
in rational, smart, non-stupid) to put multiple 7805 in
 parallel?  Can't say I've ever seen that done.  Only the more typical
 design of adding a pass transistor to carry more current. 
 It's a bad idea to parallel regualtors like that, since the output
 votlages will not be indentical and one will supply the lion's share of
 the current (and will try to feed current back into the others). 
 
Couldn't you get around at least part of the problem with isolation diodes?
Peace...  Sridhar