Well that seems a bit optimistic. Lets say your 1U server pulled 450 watts (way over the top, its typically less than 375 unless you're doing the supercomputer GPU thing) that is 3.9MWhr per year or at 11 cents/kWh or $433.62. Lets say you put them in REALLY CRAPPY data centers with a PUE of 2.5 (modern ones are 1.2 - 1.5, Facebook's OCP is like 1.1 but with 2.5 that is $1,084/year in 'energy' costs. License costs of, uh $0, well if you use a RHEL support contract its about $125/machine depending, and we'll assume you lose both disks and a power supply every fucking year so your hardware replacement costs are another $500? So rather than the $2,500/year in expense Uptime claims I would put it under $2K worst case, and likely closer to $1.5K.
So inflated numbers aside, I don't doubt for a moment that it is a Good Thing that AOL is killing off the oldest 25% of their gear. If it was on a 4 year depreciation cycle then they could replace it with roughly 1/3 as many machines using Sandybridge type machines and may 1/5 as many machines with Ivybridge gear.
As a technologist I am sad sometimes that it isn't worth the power to run a 5 year old server, but it is the life we live in.