Vox, back when WhoringWives was on a virtual account I ran phpadsnew on it without any complaints from my host. How much of a resource hog it could be, would be dependent on your traffic and brand new site probably isn't going to pull down the amount of traffic that is going to cause any issues. Personally, I wouldn't worry.
Does Webair really charge $49.95 per month for Cpanel? I've only ever seen dedicated servers charge for Cpanel. As a price comparison, on my dedicated server I pay $25 per month for Cpanel/WHM with Fantastico.
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