This is the current server specs that we plan on getting.
Intel Dual Core Xeon 2.4GHz - 4MB Cache (1066fsb)
4GB DDR2 RAM
160GB SATA 7200rpm HDD
The Ram will have to be upgraded in time, as the server grows but that should be sufficient for what we need.
This should insure we will have complete LAG free Smooth game play for all (depending where you live)
The server will be hosted in the uk with a Gigabit Fiber Backbone Network, and 99% uptime