Let me make sure I have this straight... you're not going to be directing the new site format to a subdomain permanently, right? You were only using the sub domain for beta purposes?
The way I see it, when I go to Sierra Trading Post's site now I can make out what looks like 2 different types of architecture structures. You have one link on the page pointing to Men's clothing which executes at a single defined .htm file. Then you can see that you have the "Men's Classics" (still general men's clothing?) which points to a directory which I'm guessing is your new site. Correct me if I'm wrong on this, or if I'm right but have the old vs. new reversed.
If that is the case your best bet to try and minimalize any ranking impact would be to 301 redirect pages from the old catalog architecture to the new. That way you could remove the old site files completely and let the server take care of the direction.
If you need to leave the old site up for throttling purposes like you said - you could use canoniclazation tags to refer the old pages to the new ones. That along with employing 301 tags would help train the search engines into understanding what you're doing.
I'm sorry if I didn't answer your question as you needed. I'm still not sure if I understood your issue as intended. =P