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R19/month for 10GB web hosting... could it be?

Now, THIS should shakeup the South African hosting market. R19/month hosting. 10GB traffic served. 1 x SQL database. Phew. Welcome to the online offering from Ample Hosting.

The now-curious me has to ask:

1. How "shared" is this service?
2. Are they reselling cheap American hosting in SA (very clever)?
3. If something like this takes off - how will it affect IS, Mweb etc?

It comes with some fairly hefty SLA's.

Standard Web Hosting Package Features:
Cpanel - Control every aspect of your hosting plan.
Instant Account Creation
Free Technical Support
Unthrottled bandwidth
30 Day Money Back Guarantee
FTP Access
24x7 Support Access.

7 Individual email addresses
Webmail, POP3, IMAP email access
SMTP / Outgoing mail server
1 PostgreSQL Database
Auto Responders
Downloadable backups of your website.

100 Mbit Courier Neutral Data Center
99,9% Uptime
Daily Backups
24x7 Server Monitoring

Who's brave enough to try them out? I'll certainly stress test a site.

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