Indymedia has shared server/cabinet space with BLAG for the last 4 years or so. I have asked "them" to find new homes for their sites. This process is underway. If you are interested in helping out and hosting an indymedia site or two, contact them. This is probably the best place to start:
When Indymedia is finally cleared out of the servers, there will be much more bandwidth and a ridiculous amount of diskspace (a few terabytes), CPU power (5+ servers, including quad proc 3GHz), RAM (a couple boxes with 8 gigs), etc. I am deliberating about what to do with all of this.
If you have any neat brainstorms, lets kick 'em around. :)