> If the traffic shaper kernel module is the only one existing solution:

For 2.0 yes, and it seems to work pretty solidly. For 2.2 there is also
CBQ

> 3. Is it possible to shape the speed of each server's IP address
> independently? If it is, how can I do it?

You need route by source patches or 2.2. 

> 4. Is it OK to change the shaping speed of each IP address every hour? I am
> afraid it could put some load on server or even worse...

You can change it any time you like while the interfaces are running

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