So I am fairly clueless as to servers and stuff. But here is what I am going to be running now. Let me know if I should change anything software wise. I took up hosting (VPS Hybrid) with www.wiredtree.com and the migration is taking place right now.
1 AMD Opteron CPU Core
80GB RAID-10 SSD Space
LiteSpeed Web Server
Anything else I can do to make this as fast as possible?