They actually offer an Offloaded DNS Hosting add-on for 1 dollar a month, typical cPanel setup. (comes with 5gb storage tossed in too... guess you could use this for backups, though I've never put it to use)
Right now I have a 512 OpenVZ and a 128 OpenVZ, I also have the offloaded SQL add-on for $1 a month and DNS Hosting add-on for $1.
These add-ons were particularly awesome when it came to setting up the 128, which I put a stripped down debian with Nginx (no need to put MySQL in). With 20+ users on my site RAM use will stay around 40mb (and with some work I actually plan to further reduce this, wish me luck ).
Be warned though, getting a VPS with these guys can be very hard, I recommend following them on twitter or checking this site all the time. For example, I literally bought my 128 two days ago and there were 12 available? All gone now.