On my 01 Focus, I changed the timing belt at ~117k miles. Took about 4 hours. The original belt looked VERY good, ready to go another 100k miles. 100-120k is the recommended service interval. IIRC, parts were $75 for the Gates timing set from rockauto.com.
The Focus timing belt does not drive the water pump - maybe it did on the 90's Escorts, but not on the Zetec Focus. Also, the non-SVT Focus Zetec is not an "interference" engine - a TB belt failure will not take out the valvetrain. However, while you've got the thing apart for the TB is the perfect time to go ahead and change the water pump, as you're "right there". I also took the opportunity to change the serp. belt, tensioner, and idler pullies...
The biggest thing on the Zetec is the crappy thermostat housing design. About $40 to replace - you either get a good one, or you get to do it again in a couple years. The valvecover gasket is a common leak, but easy to replace - usually coupled with a PCV Valve that doesn't get replaced often enough...