Latest micro instance from Amazon’s EC2.

12 Month Cost Comparison:

EC2: Linux/613MB, $54 (one time fee) + $0.007 × 24 × 365 = $115.32 plus storage $0.10/GB and bandwidth cost $0.15/GB.

Linode: Linux/512MB, $19.99 × 12 = $239.88 including 16GB storage and 200GB/month bandwidth.

Pretty competitive market!