Hi
Yes this is correctly observed.
2 3750x 24 port switches without any POE devices connected, will boot and stay alive on one 350w powersupply.
http://www.cisco.com/en/US/prod/collateral/switches/ps5718/ps6406/data_sheet_c78-584733.html
check table 15 for power consumption values.
One 1100 w should be able to sustain the whole powerstack, so in theory you could have 8 different 1100w powersupplies that gets their power from 8 different powersources such as grid/solar/gas generator/batteries(ups)/solar power/whatever powersource you can find.
that is alot of redundancy.
Good luck
HTH