So long as you're getting your heart rate up to where you want it to be, I think it's fine to do the same kind of cardio every day. I did an hour on the elliptical just about every day during the year I was losing weight and it seemed pretty effective to me since I lost 122 pounds in a little less than a year. Muscle adaption is more of an issue with weight training than cardio. You're doing that too, right?
