Migrating from Linode to Digital Ocean

A co-worker of mine recently came back from a Ruby meetup in NYC, where he heard of a new VPS hosting company called Digital Ocean. There's certainly no shortage of VPS hosts around now, but Digital Ocean appeared very appealing because it's lowest tiered plan cost just $5 a month -- too good to be true, right? The features you get with that low plan are nothing to scuff at either, giving you 512MB of memory, 20GB of SSD, and 1TB of bandwidth.