Hi,

It is possible to make multiple calls in parallel using the same devtoken. 
While there is a check on the QPS limit, it is not fixed and depends on 
various factors including the server load. I'd recommend reading this blog 
on RateExceeededError to get a better understanding about QPS limits and 
other rate limits that AdWords API enforces.

http://adwordsapi.blogspot.com/2010/06/better-know-error-rateexceedederror.html

Cheers,
Anash P. Oommen,
AdWords API Advisor.

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