How is the performance of OVH's network by the way? Anyone had any issues with it? I'm paying ~80/mo right now for VPSs, and this offers way more horsepower than what I have now. Any downsides to going this route? Also is there anything comparable that's located on the west coast?
I'm absolutely stoked about their low-end dedicated servers. I have 13€/mo and 18€/mo instances (located in France) and I'm in Finland. No issues whatsoever, connectivity or uptime, and I use them to run both my personal and company mail, and some web stuff. If you go over traffic quota (5TB / mo) they will limit your speed to 10Mbit/s, not cut you off or bill extra (but you can purchase extra quota). But I have no idea how good their support is because I never needed it.
After initial setup you may want to change the grsec kernel to something else (according to preferences, it's not bad), and by default they have root ssh access to your box (key-based auth), which you may want to revoke.
Ovh has one data center in Canada, but that's in Quebec, not west coast.
From the blog post, this is just part 1 out of 3 new features they're touting. So it's quite possible memory might get an upgrade. I personally wouldn't bet on it though, the host machines are likely maxed out on total RAM and upgrading would mean more hardware than just sticks.
