I've recently get to know easyspeedy.com offer and I must say I like their attitude:
- unmetered bandwidth (fit my network usage profile)
- good remote configuration tools
- lots of OS images
- KVMoverIP for free all the time.

I was just thinking is there any EU alternative with a similar policy but a bit cheaper? Can anybody suggest sth?

I're currently trying serverloft (metered but big amount of transfer, powerful configurations) but we're totally unhappy with their support. Well - cheap usually doesnt mean good does it?