Let's ignore the fact that this is LowEndTalk and pretend you were looking to spend more than $7/month :) Xen Virtualization, Hivelocity Datacenter, 4x Intel 520 Series SSD in Hardware RAID 10 with BBU, 99.99% Uptime Guaranteed SLA, 24/7 Fully Managed Support. Includes cPanel/WHM license.
1GB RAM
1 Core CPU
20GB Storage
1TB Transfer
and...
8GB RAM
4 Cores CPU
160GB Storage
4TB Transfer