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.
It's 2011, high-RAM servers should be available for reasonable prices.