My current setup at home is two aging systems, one gaming PC that I usually put to sleep when not using and one 24hr server hidden away in a cupboard. Both are in need of an upgrade fairly shortly and I'm just wondering if a single system would be a viable option?

I'm not hosting THAT many services really. Most are just media related that would be unused when sat at the PC gaming as it's just me that uses any of it. A strong enough CPU should be able to handle everything anything though shouldn't it?

It seems like a good idea to me but I'm no expert. Is there anything obvious I'm missing?