Web Wide Hosting in New Zealand has overtaken ServerWays, and is now offering exactly the same VPS packages from $4.90 per month. Order them here as I can’t seem to find them on their home page. There are actually two plans that fit into my criteria (maximum $7/month):
VPS 111 — $4.90/month
100MB memory (guaranteed/burstable)
100Mhz limit on [...]
Via WHT. At ServerWays, you can get their low-end OpenVZ/HyperVM-based VPS for $4.90/month, which comes with:
100MB guaranteed/burstable memory
100Mhz limit on CPU
10GB storage on SATA drives
100GB transfer on 100mps port (Cogent)
Server in Portland Oregon
This site is currently hosting on this plan. Not bad for less than $5/month, although the CPU is very slow.