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I can imagine people with high traffic or ecommerce sites would decidedly *not* want a server to randomly disappear in the middle of the day.
For these scenarios you want more than one Linode in a high-availability configuration, to avoid hitting a single point of failure.
Fortunately Linode provides very nice features like a private network (within the same datacenter) with out-of-band traffic and movable IP addresses. These can help a lot with this kind of setups.
BTW, you'll have to do this even with dedicated servers if you want to minimize downtime.