All I use are managed VPS and dedicated boxes. Unless you have a good, and I mean good grasp on server hosting stuff, I'd say stay away from that one.
A friend of mine, who I consider knowledgeable enough to manage his own VPS and box, was not able to make it back from a ddos attack from China. Security seems to be a major issue, and something I feel more comfortable playing for.
Though, I'd be interested to hear what others have to say.