I am not opposed to the idea of a server, but I am not going to have the time or cash available to support it like I did for the Landmass. It would give us a home base of sorts, but I will mention one piece of advice: running a server has, in my experience, been a lot more work than it originally seems to be, especially if you're trying to learn as you go like I was... but I don't want to dissuade you, because I think the idea is certainly worthwhile.
On the other hand, a dedicated server would be pretty cool, but I can remember the old dedicated box we had, and the UT2k4 server that ran on that, and while it was good for what it did, the connection was unreliable and the pings were nearly always higher than they should have been. Now granted, the CS servers that ran on that same box were seeing a ton of activity at the time, and the CS chapter is not as active as it was... so I don't know if we'd see a repeat of that. I don't want to come out directly against a dedicated box, because I really do want to see us have one of those again for TOJ as a whole. But I don't know if that can be a suitable solution for the UT chapter in particular given our past experiences.
And then there's the timing issue. UT3 is going to be out shortly, which will be a new paradigm entirely. UT3 might run very well sharing a box with other servers. I don't think anyone can definitively say at this point. So I guess just color me riddled with uncertainty about the entire issue.