lightning, I think he meant to be a "real" host you need to drag in your own few OC3's, and peer with everyone yourself.
A few cages in level3 is not a "real" network according to him. Bah.
It takes real knowledge to keep things going in that setup, you need to configure switches and routes to be fully redundant, etc. Also probably have some auto-failover servers so if one fails, no one notices. It's just plain stupid and pointless to buy your own pipes now to some location in bumfuck whatever, when you can buy some space at a level3 like facility and have a MUCH MUCH better datacenter, and network availability.
By all means, it's still definitely NOT cheap or easy to do the *right* way.
-Phil