4 Months, I think, so plenty of time.
http://www.ironmanlanzarote.com/registration
Registration opens today... 1300 GMT
Yes achievable. Check out training plans on this site. For success do 1 interval or fast session and 1 long run (up to 15 miles for a half i'd say).
http://www.chainreactioncycles.com/SearchResults.aspx?Search=wetsuits&CategoryIDs=1492,2058&SortBy=Price
Quite - my point was that I am fit (in terms of health) and that it was not a lack of fitness only a lack of technique and, given my now year old wetsuit, kit that caused my to finish stone dead last.