Shared hosting or cheap VPS?

[ZiNgA BuRgA]

What's your preference for hosting?  Note cheap VPSes refer to those that cost about the same as shared hosting (you can find decent VPSes with 512MB RAM for around $5-$10/mo if you look around the place, or 128-256MB RAM ones for $2-4/mo).

Personally, after knowing how to set up and use a VPS, I wouldn't go back to shared hosting.  The flexibility of the former outweighs the difficulty of learning how to use the Linux command line and the additional time required to set up and tweak a server IMO.