It's $77 for 1 year reserved if I'm reading it correctly. That's $6.44 per month for an instance with double the RAM of the DO $5 instance. The specs look like the size that DO is charging $10 for currently. For a 3 year reserved instance it's $4.48 a month for double the size of the DO $5 instance. There's also a free tier, so the first year is free to try it out.

DO was competitive with EC2 on price but not on features (and certainly not on security), now with the price advantage gone...

EDIT: corrected calculation