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Originally Posted by Blue
A good VPS provider gives you all the benefits of a shared account with the space and root ability of the VPS>
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True, and a good dedicated provider does the same.
The real advantages to having a VPS or Dedicated is the control and privacy you have. After that, it's really a matter of how much power you need to run your sites. If you can run everything off a VPS, do that, if you need more resources, get a dedicated server.