I think that it would be possible to created a hosted TimeMachine backup service for OSX.
The requirement would be to have a VPN link (TAP device) to the provider in order to support multicast/broadcast.
On the server side I think that a Linux server or a Solaris/ZFS (better!) machine would be enough for about 25 users (considering a quota of about 20GBytes/user). The investment in machines + bandwidth should be returned in about three years. Additional costs would include the web interface for managing accounts and users and some marketing costs (I have strong fears that marketing would be more expensive than the hosting itself).
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