OVH finally launched their 2013 line of VPS's in 3 flavors: Classic, Low Latency, and Cloud
http://www.ovh.ie/vps/
The low end VPS is €4.99
Burst RAM has been replaced with "vRam"
vRAM (or Virtual Memory) consists of the VPS RAM, completed by additional SSD memory offered through the virtualisation layer.
More effective than SWAP, it allows more flexibility to manage the occasional excesses of VPS dedicated RAM and thus offer an effective solution for managing light casual bursts (RAM saturation and overflow).
Cloud includes an extra 4GB SSD RAM
and for the VPS Cloud only :
4 GB of SSD in addition to your RAM for VPS Cloud ranges, i.e:
vRAM (viewed by the server) = RAM + 4 GB RAM SSD
Examples:
If you choose a VPS Cloud with 2 GB of RAM, your server will have 2 GB of RAM and 2 + 4 GB of vRAM,
Virtualization type:
For these 3 VPS ranges, OVH uses long mastered and proven virtualisation solutions.
Classic and Low Latency ranges run inside OpenVZ, which in turn runs on VMware. This solution allows complete isolation, while providing the best performance guarantees.
VPS Cloud, meanwhile, runs directly on VMware: only one virtualisation layer between your virtual machine and our clusters. 100% VMware: the best virtualisation solution that exists today, giving you unparalleled robustness.