I agree with your reasoning that it might not be worth the time, but I think spending five hours a month on server upkeep is a little steep. I've got two Linodes running and I rarely spend more than an hour a month on server-related issues. Of course, I don't have millions of views, but if that's the case, my assumption is that this high traffic would come with enough revenue to make it worth my time.

So yes, I agree with your sentiment, but once you have servers up and running with good tools they don't take that much effort.