I spent the day at an academic conference on interdisciplinary computing. Oddly there wasn't much talk about computing. And since I am not immersed in the inner workings of academia, I didn't understand most of what was being talked about.
Here's an idea of what kind of server you can get for $159 a month at Softlayer. I currently colo one server there, a very very old one. It runs great. I wonder how many virtual servers I could put on a modern machine. Any ideas??