There are a lot of variables in moving to a two server setup and what you have now may just need to be tweaked to live a bit longer as a single server setup, a RAM upgrade is cheaper that getting another server regardless, but again, the server your on may have a RAM limitation at the mobo level as well.
Splitting the servers is easy in that aspect, its just a matter of copying data, tweaking mysql (typically a 4 day task), setting up the nic's, changing config.php and away you go.
@brandi, ill give you a hint, it has 1100 on the end....
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