First and foremost, I'm not a company so if you're uncomfortable managing a server, this is probably not for you.
I have a colocated server (Dual Quad Xeons / 12GB memory / 1TB Raid Storage) running three personal virtual machines and have tons of resources available therefore I'm offering the following.
Dedicated VPS - XEN
1 Dedicated CPU (Xeon Harpertown E5405 2GHZ)
1GB Dedicated Memory
150 GB Disk Space
250 GB Bandwidth
100% Self Managed
OS: CentOS or Ubuntu Server
Great for developers/backups/hosting etc.
$19.95 Monthly. Same setup with 2GB memory $22.99
Free: OS reloads, hard reboots, system snapshots, emergency support.