Server co-op

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I'm looking at getting a dedicated server from ServerMatrix. It's about $120 a month, which would probably split well between 4-6 people, getting a 2.4GHz Pentium 4, 512MB RAM, 80GB disk space and 1200 GB traffic (100Mbps). I've been trying Debian on a test server, and have all the essentials working - fully encrypted SSL email transfers, Perl 5.8, PHP4, MySQL, virtual hosts on Apache2, Jabber2 with SSL, etc. If anyone's interested in sharing a server, let me know and we can discuss it further.