You can check out how that looks on the UI preview page, here.
I've been doing this since early April, mostly to have a place to talk to my friends, but also in the hopes of building a small community of interesting people. Setting it up was a bit expensive, as I learned what the heck I'm doing with this, but it's currently settled to a reasonable amount.
Currently, the breakdown of time and money costs is roughly:
- $10-15/mo for hosting services
- ~1hr/day on basic maintenance
- Pretty much constant monitoring to make sure nothing's down or broken
- Keeping the instance up to date, with all the major release upgrades, which is shaping up to be a 1-3 day process every few weeks.