The noticed improvement in Cogent's performance over the last year is largely due to a high defection rate.
As bandwidth prices continue to fall, Cogent's position in the market as the bargain bandwidth provider has become largely irrelevant. Cheap bandwidth is readily available from numerous other providers, most offering service that is superior to that of Cogent.
The setup fee of that deal is $3,000 confirmed by a cogent sales rep a while ago when i spoke with them. You are forced into a $36,000 deal (3,000/mo. x 12 months). As for the comments on cogent: Cogent is a good provider, it just has a bad name. Lots of people who buy cogent are generally the cheaper providers and tend to abuse it badly. Then when you see high packet loss or downtime, it's not because of cogent, it's because of the provider. But in reality, you could do the same with any provider, including someone like internap or level 3. Cogent has increased peering a LOT and are doing much better with the investment of a couple hundred million from Cisco. (Cisco owns 20% of cogent). They are no longer the cheapest but no where near expensive. They're an OK, well rounded provider. I believe colo in miami is great. I am not sure about WC though... Hope this helps
they also added a product that is $500 for a 10Mbps burstable to 100Mbps. That is pretty aggressive. For the guy that wanted the price of Cogent but was unable to pay $3000/mo that is pretty aggressive. We have picked up a few customers using our space and their bandwidth.
It is also extremely attractive if you are small but want BGP. If you are in a facility with Cogent that is a pretty inexpensive backup.