Yes, that's the current state of BB e-mail. No one knows what the future holds for BIS 2.0. As for your hosted BES costs, it would be about a total of $20.00. The e-mail account itself would be anywhere from $9.95 to $12.95, depending on the provider, and the BES addition should be no more $9.95 more.
Some hosts include
MailStreet (I use this one),
ExchangeMyMail, and
The Message Center.