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North America: north of Atlanta, east of Chicago (but Chicago itself would be OK).
Minimal specs: 64 MB RAM, 3 GB disk, 50 GB transfer.
Virtualization type: doesn't matter.
Ruled out because I already have service: BlueVM, BuyVM, IPXCore, ChicagoVPS, Hostigation, LFCVPS.
Willing to spend: $15/year.