We’re also introducing the Linode 1GB, our lowest priced instance ever at only $5 per month. We believe this will add a great deal of utility to our service.
This is good news, although I’m surprised Linode didn’t do this long ago — DigitalOcean have been offering a $5 droplet for some time. I wonder how long it will be before DigitalOcean up their $5 droplet from 512MB to 1GB?
Anyhow, I’m thinking a $5 Linode will be ideal for lots of applications, including cheap development servers and possibly even a small/personal ownCloud instance.