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I have used Cloudflare, but now I use this cdn service, more effective pricing model for me. I pay only for data transfer.
CloudFlare helps. I have used them myself. Have you considered something like Varnish cache?
I am guessing at how to use a separate domain for static content. Since nobody else has answered on the topic, my guess is that you would either have to rewrite your pages to bring in the static content from a separate domain or use a rewrite based on the directories that contain your static content.