For $150/month I can offer you this:
Xeon E3-1230 Quad Core 3.20 GHz CPU
16 GB DDR3-RAM (4x4GB)
2x1 TB HDD
Software RAID1
IPMI KVM over Lan
Unlimited Bandwidth
8 IPs
Data center in Germany or Bulgaria.
Anyway, I would suggest cloud instead..
Got more offers. If still looking, hit me up.