You have to consider out-of-band console access (which VPS services provide), you're not responsible for hardware failures (your VPS provider is, and will replace transparently without your involvement), support is available 24/7 beyond "please reboot my server", and transit typically ends up cheaper and you don't have to deal with it. You also don't have to pay for remote hands (oh, look, you do there). All around a much better solution for hosting than any dedicated plan in the world.
Happiness is not having to know how many RAID drives died to bring you this information. (Statistically speaking I'm pretty sure I've burned through at least one drive somewhere in St. Louis, but I never had to worry about it.)