I could possible help out - I own my own hosting and design company (
www.antares-dev.com) and am based out of OP, KS.
I have my own dedicated server in a managed data center - not quite as nice as the setup as the Jayhawk guy has. Our CPU is currently very under utilized (typically single-digits) and runs LAMP - our PHP/MySQL versions are still 4, but we're likely to upgrade within a very short period of time.
I'm a bit concerned about the bandwidth - what MJ said seems to be very high to me as I've got a vbullletin board that probably dwarfs this board running far far less bandwidth. If the board really does use that much bandwidth, you probably best be prepared to pay for it. It could also be this board software. SMF is shareware (a re-engineer of the YABB/SE board) and may not have the best caching/compression in place.
I probably wouldn't want to be the admin - Saul - if you want to take that on I can certainly give you the rights to do so.
I'm not a KSU grad - spent 3 years in MHK before finishing at WSU back in 86. My wife and youngest daughter are both KSU grads (06 & 07). I'm also CompuCat on the other boards - don't post much as I don't have a ton of time.
Please feel free to email me to discuss.