CF isn't meant to handle so much traffic, read:myspace.com. A horrible language to choose to run something that massive.
I don't know your graphics abilities, but you best be great at PS if you're designing sites. It depends what you're going to do, design or development what you should learn more of. Sounds like you're doing both, which is going to be a lot harder I'm afraid, but you'll be able to accept more jobs.
I'd love to know why you would think Flash is a no go. Flash devlopers are in much more demand than php, but the only crevet is you have to be REALLY good. You can get by with a mediocre php developer, but not with Flash/AS. It has a much more higher learning curve than php, and there's a lot more involved. So if you're looking for a quickie, then Flash is obviously not the way to go.
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