Ben,
Looks somewhat expensive for that particular spec. but know AWS can be. I know kklosson has shared his AWS costs before and was also quite expensive.
Here is what I have for 195USD per month (Eukhost):
- Dedicated server
- Intel Xeon E3-1230 @ 3.20GHz
- 16 GB DDR3 RAM
- 2 x 500 GB SATA
- WS2008 or WS 2012
- I also have a 300GB R1 backup on the server for somewhere around 40USD per month.
OK, not AWS but is dedicated and a powerful server. I haven´t had a single problem in 4-5 years using servers from Eukhost.