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So turns out an organization I'm with gave me a free Windows Server 2008 Edition (not university).
What can I do with it? What can I use it for? What do other people do with it?
Run source servers.
Use the disk as a frisbee.
Build up some Exchange- or MS SQL-System on it....or do some .net-developments... :-)
you can do mostly the same as Linux.
Leave it connected to the internet, disable updates, collect viruses.
Run your most credible / traffic intensive site on it. Make sure you have a "Powered by Windows Server" message on it somewhere.
lol @rds100 and @black.
Basically you can do everything with it - run web sites, mail, databases. We are using it as the main web application platform together with MSSQL Server and MySQL (something like +25 servers). You can use it to start programming with .NET platform (way better than Java - haters hate ;>)