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Is OpenVZ basically like shared hosting for grown ups :) ?

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Correct me if I'm wrong, but I've been reading some differences between OVZ and Xen and it looks to me that OVZ has nothing different from shared hosting expect for root access when it comes to resources.

This came to my mind when I started reading some comments of good appealing offers on VPS's that became unresponsive/down because "a lot of people where benchmarking" (the host said).
What is the point of having of OpenVZ virtualization if you share resources with other containers and most importantly you get kicked out if you abuse resources YOU PAY FOR!
Isn't Xen (and others like it) the only real VPS in the end? I mean I want guaranteed resources, I want to use my resources till the last bit without affecting others (even though with disk I/O it's basically impossible to avoid) and not being worried I can get my space terminated -without notice-!
Does non-OpenVZ virtualization allow you to abuse your resources as much as you want without affecting others and keeping your slow, painful server performance for as long as you want without having the provider on your back? Example: I see that with Xen you get dedicated CPU power and no one can use it even if you don't, instead on OpenVZ offers I always read shared.


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