Well you are in graduate school, arent you? Id expect it to keep you busy enough, but still it wont hurt to spend some time on the internet and build your own site.
umm you are with a bad host, arent you? I do recommend you to evaluate the amount of downtime on your server and make a decision on whether you should switch host or not, its your call ultimately. Id say you better fix the glitches mentioned in the bug tracker, though they will all be gone by Mys v1.3.1.