For budget pricing as jojoestinky seems to be linking to, jesthosting.com has a powerful VDS setup for $5.
I haven't found lower for a Xen VDS(not associated with them, just a company I helped start). They have 100mbp x 2 bonded connections which should make a noticeable difference at 32 players over a standard 10mbps. There are many other VPS providers as well if someone wants to go that route, but that is off topic for this thread. I like your work on the forums jojoe as do others:
viewtopic.php?f=77&t=12971JestServers currently seems to ping lowest in each location compared to other companies as well(We're a registered LLC with several years of great reviews), which is where our cost comes from as well.