The user gets his or her own Web server but is not allowed full control over it (user is denied root access for Linux/administrator access for Windows); however, they are allowed to manage their data via FTP or other remote management tools. The user is disallowed full control so that the provider can guarantee quality of service by not allowing the user to modify the server or potentially create configuration problems. The user typically does not own the server. The server is leased to the client.
DreamObjects is a cost-effective cloud storage service, which you can use to host static data for your websites, store backups, or develop the next big thing. You can access DreamObjects in your panel using the built-in interface, programmatically via standard APIs, or with a growing library of applications. DreamObjects is compatible with the Amazon S3 API.
You could think of the sites that share your server as your roommates; there's really not that much separating you from them. Sure, you can close the bedroom door, but they can still cause nightmares for you in the kitchen and the bathroom. In web hosting terms, all the sites share a single server's resources, so huge traffic spike on Site A may impact the neighboring sites' performances. It's even possible that another site could take down the shared server altogether, if it crashed hard enough.
Shared hosting is like an apartment building where the building or server has many tenants or hosting accounts sharing the space and the utilities. This works just fine if you have a small family but if everyone in the building has ten roommates move in who are constantly running the water and using the wifi then the water pressure and wifi speed start to suffer. The key to shared hosting is that it is meant for small business websites, sure you can pack the roommates or files in like sardines but it will really be uncomfortable.
Many services offer a low "starting price," but require you to prepay for two or three years of service to get that price. After the promotional period, the renewal price for some services can be two, three, or even four times the initial promotional pricing. While the initial deal might be incredible, the cost of transferring your site (or paying the added fee) in a couple of years may be something to consider.