Just some background stuff that might be useful in future for myself =P.

[Update 1: DigitalOcean now has VPS in San Fran (Link]
2 main options, AlienVPS and DigitalOcean

Specs

AlienVPS AlienVPS DigitalOcean (New York) DigitalOcean (San Fran)
Ping 267ms 250ms 409ms 200ms
Download Speed 1.28Mbps 1.35Mbps 1.35Mbps 1.35Mbps
Upload Speed 0.62Mbps 0.74Mbps 0.34Mbps 0.78Mbps
Price USD$15/year USD$4 a month USD$5/month USD$5/month

[Note, just figured out my test environment, NUS, actually caps traffic, hence the speeds are all pretty slow]

However, despite AlienVPS looking better on network end, they use OpenVZ to virtualise. Result is that you are unable to create you own swap partition, and some OS modules are not available [Not exactly a deal breaker as there are ways to get around it].

DigitalOcean use KVM (QEMU) and you can pretty much do most stuff with it, BUT you get only 1 core, and high RTT from SG [That is VERY bad if you are using it for regular web surfing].

Personally I’ve tried both, and I would say that AlienVPS in terms of performance is way better. However for the cheaper option, you may run into memory issues because the amount of memory is really lacking. Now I have set up the $4/month AlienVPS server with OpenVPN, and streaming videos from Hulu is pretty much smooth. Hulu on DigitalOcean (New York) is decent, but may lag at times. That said, DigitalOcean uses SSD, and if that’s what you are looking for (DB server and stuff), it could fit the use case of a cheap DB server too.