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This comes after OVH sent emails with really spicy increases too. Like north of 50

I got no such email, was this for VPS or dedicated servers?

Not sure which products but Reddit etc was in uproar

https://www.reddit.com/r/OVHcloud/comments/1ra5jzg/ovh_doubl...

Same, still 5€/month for my (now discontinued, apparently) VLE-2 box. Current VPS line-up (Intel based, though) is still quite cheap: https://www.ovhcloud.com/fr/vps/

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