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Pro Extremely low cost
Plans start at $3.6 per month and include plans where you only pay for the CPU and bandwidth that you use. A 2GB RAM 40GB disk 2 core VPS that is idle most of the time can cost ~$6 per month.
Pro Best Value
Their 1 GB VPS plan (m.1s) is $3.5/mo, haven't noticed any downtime after two years and it is very good price for that much RAM.
Pro Bitcoin payment support
Pay for credit through many payment methods including Bitcoin and Paypal.
Pro Tons of features
They have tons of features like snapshots, block storage, and free e-mail hosting.
Pro Use any OS
Uses KVM so you can use any OS, even more obscure ones like NixOS. Upload your own ISOs ore QEMU images.
Pro VNC access to terminal
Makes it easier to fix boot image issues on unsupported ISOs.
Con Bitcoin can only be used as a payment after a credit card has been added to the users account
Bitcoin can only be used once the user has added their credit card info into their Luna node account. This pretty much negates the point of using bitcoin, if you need to hand over your personal information anyways.
Con Occasional downtime
Has planned and unplanned downtime of the network occasionally. More frequent than larger VPS providers, on the order of 5 minutes a month. Not an issue for personal and small business use. They are actively improving this though.