Thinking about the family

This evening, while playing a game on this here intarwebby, I was thinking. I was wondering if we should have a family website where we can keep our heirloom photographs and stories of our branch of the family. I was imagining that it would be just for family members and would need a password to get at the information. I should imagine it would cost a few pounds but surely it wouldn't be too expensive.
Should we look into this? is there anyone out there would be willing to create the pages for us? could this be the next step in the sharing of our family history?
Answers in the comments please...