How is such an extreme amount of downtime acceptable for a hosting service? Most quality hosting services will guarantee you're back up in 4 hours or less in the event of a catastrophic failure. That's what the service is there for! A backup system should be able to be put online and data restored from backup in a matter of a couple hours.
Just my $.02 worth, but I hope admins got a partial refund for this month's hosting fees for the downtime!