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Correct me if I'm wrong, but aren't they a cloud provider? Ie. a bunch of machines connected into a distributed network, acting like a single virtual machine but with unlimited speed, memory and bandwidth, with the possibility of downtime completely eliminated, and where one only has to pay for the speed, memory and bandwidth one uses.

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Everything you wrote is wrong. Not sure what to correct.

They are a VPS. They do bill hourly, which makes them somewhat unique. They were early to offer SSDs. Their pricing is great.

I don't want the "cloud". I want a really good VPS. Digital Ocean fits that bill.

Aside from Google App Engine, no cloud services provider, whether IaaS or PaaS, gets even close to the description you're providing, and even GAE doesn't really.

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