Yes, there are "Cheaper" servers and hosting available. I've dealt with a bunch of those and we had problems with lots of outages and even loss of data. It's kind of like doctors, mechanics and barbers, just because you like them doesn't mean they work well for everyone.
I researched and came up with a good solid solution. It is a nice "True" dedicated server, our very own box, not shared by anyone, the owner even upgraded our box to a better one from our original due to the length time we've been a client. We're running a dual Xenon, 64 bit, 8GB ram, 600GB raid 5 with a 100Mb Pipe and a TB of bandwidth. Overkill? Yep but I would have it that rather than what we have put up with in the past. The company has been great to work with and the uptime proves it. Unlike other sites that throttle their members, we don't.
The software has been maintained at this version due to it's stability and security. Not that I am not working on upgrading to a newer version but, it seems as soon as I'm ready to release, another update gets put out. I will not put out something that has critical flaws and risk jeopardizing our data.
If you are looking for new features they will be coming soon. In a way, If it aint broke..... Geeez, I feel like I'm on trial here...