Heh, yeah. You will certainly get a lot more than you do with Linode. Great host if you like adventure and hate to be bothered with status updates or receive credit in the event of an outage. Enjoy!
Leaseweb offers similar pricing and is reputable. I had nothing but good things to say about DigitalOne until the FBI raid and their horrible handling of it.
It's 2011, high-RAM servers should be available for reasonable prices.
FWIW, I have all my important stuff at Linode, but I also have a server from Hetzner in Germany. It costs €49 per month (about $60 I think) and it's a Core i7 with 8GB RAM. Their network has proven rock solid and the hardware totally fine in the last 6 months and I only got it because I had so many personal recommendations. I don't know how they can do it but clearly it's at least possible to offer serious power at bargain basement prices.