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Here is a good article that explains the challenges and offers a possible solution..
This looks like it has working solutions http://forum.openvz.org/index.php?t=msg&goto=7057.
Considered
Interserver
$8/month per KVM slice 25GB HD, 1GB RAM, 1TB Transfer
http://www.interserver.net/vps/
OS is a scripted install looks to be minimal install
RAM HOST
Experienced performance issues with server.
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