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You can call it a bare metal cloud. Why not, I mean everyone violates the original definition so who cares any more ?
Cloud = OpenVZ VPS
Bare metal cloud = QEMU on OpenVZ
Umm... QEMU runs in OpenVZ now? (unless you use VMWare to make another machine with Windows on it pffff)
I like how you said that the "cloud" was trademarked
Duh. You could always do it: https://freevps.us/thread-2789.html
Though, nobody ever said your provider would want to keep you.