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That's what I've done up to this point.
But a $90 entry level colo pacakge is pretty appealing since I can send in a dual Xeon 1U server with triple 73 GB SCSI drives in a raid array and with 2 or 4 GB of memory... that would cost a pretty penny as a dedicated box, whereas the colo price per month is still just $90 with a one-time setup to buy the hardware. If you're in it for the long haul, it could be an attractive way to go (and if you need more muscle to serve dynamic content than bandwidth.)
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