I have mixed feelings about this. Free hosting is cool but you can't be free forever. You spent a lot of money every month to host people (with all respect!) but can this go on for a long time?
$1000 is the much for a free host. By the way that $1000 would look after some months old. Better 2 x $500 in a year (every six months a new one) then 1 time $1000 for one year (one template/yr)