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general high-traffic website building inquiry

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Hi all.

I've been out of designing for a few years now, so I'm pretty out of touch. I'm thinking about launching a new website that will hopefully have a level of traffic on par with this one. What I want to know is basically:

1. what kind of hosting is required? Would it be a dedicated server, and what kind of performance parameters (bandwidth, space, etc) should I require? Does anybody have good experience with high-traffic hosting?

2. What would be a ballpark monthly cost for hosting? I know I can get hosting for a few dollars a month, but I hope to have a growing user base, and I don't want the site crashing, of course.

3. The last few sites I built were in ASP 3. Is that still viable for today's websites, or is it necessary to use ASP.NET or PHP (or whatever else)?

That's basically it. I know it sounds totally open-ended, but some rought ideas on 1 & 2 would be fine, and personal opinions on #3 are welcome.

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