I am currently hosting my website on a SHARED HOSTING. Below is it's network Information.

Do you think this is Good Enough? Or Should I get a Better One?

Assuming I get 10,000 hits a Day.

Pentium III 866MHZ CPU (Dual CPU Capable)
Minimum 512MB RAM (expandable up to 4GB)
Hot-Swap Harddisk Drives
Raid 1 (Disk mirroring for data security)
DUAL Intel PRO/100+ Ethernet
Rack Mount Casing
Red Hat Linux
Apache Web Server

It's not reaaly how many hits you get, it's how many hits the 300 other sites on the same machine are getting. If you are getting a good resonse time then dont worry.