Prepare pasta according to package directions. Drain and set aside.
Melt butter with oil in a Dutch oven over medium-high heat; add onion and garlic, and sauté 5 minutes. Add red pepper. Remove from heat; stir in vodka. Return to heat; simmer 5 minutes.
Stir in tomatoes, parsley, and basil; simmer 5 minutes.
Stir in cream and salt; simmer, stirring occasionally, 5 minutes. Stir in pasta; cook 2 more minutes. Sprinkle with cheese and pepper, and toss. Serve immediately.
*Chicken broth may be substituted.
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