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Our Servers Range from Pentium IV, Pentium IV Hyper Threading to Dual Xeons with 512 MB RAM - 2GB RAM. We run weekly backups on Drive 2 of all servers.
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Wow... we're running 3 Dual Itaniums with 8GB of RAM in a load balanced setup for just a couple of sites, and that doesn't even host the databases. This looks like shared hosting (typically 100's or 1000's of sites on one server), so I'd be really questioning if that's going to cut it. Some of the pages on their own site seemed a bit slow, so I'd personally steer clear if you're depending on the site for e-commerce or as a revenue producer. If you just want to create a site for fun or for informational reasons, this hosting should be fine.
I guess the answer is that it depends what you want to use the hosting for.
Brian.