It is more or less like shared hosting where customers do not feel like their security or privacy is threatened. But just like the shared hosting on dedicated servers, customers of business hosting get to divide the cost which makes such a quality and expensive service affordable for all the parties. Where VPS differs from dedicated servers is the cost. It offers a service which is just as good as any other provided by the dedicated servers, their plans, just as flexible, their servers, just as secure and the performance just as good but it costs much less than the super expensive dedicated servers which makes it a great option for those who go around looking for cheap web hosting.
A very important thing to remember about VPS is that it is not a virtual host. So it does not have any issues like some of the other notorious virtual hosts as such, other than the fact that it can restrict the clients' administrative and management options as they do not have the required root access to make any changes to or customize or even configure the software. But the rest is just the same as a dedicated hosting with such a cheap price but great quality.
The only aspect that can make VPS somewhat hard to handle is the fact that it is no lady's job to maintain technical aspects of the server administration for VPS hosting. Even though the cheap hosting with VPS does extend as much technical support to the customers as they can but that would be fairly useless if the client has no idea what to do or where to go.
VPS really is great as all clients can enjoy complete freedom in their own space and can use whatever software they like to build up their site. All the highly advanced, cutting edge technological feature that come with VPS make it the best web hosting at an alarmingly low price. If you think you can handle this then do give it a try.