Yes but they're droplets in a Digital Ocean. In this specific case I think it works very well with their branding.

If they'd have called it a Virtual Private Dedicated Serverlet or invented yet another useless acronym (YAUA, of course) I'd be agreeing, but droplet is simple and easy and as a bonus helps avoid the immediate "This is too techy for me!" attitude you can get when trying to convince a shared server user that the reason their site keeps going offline is because they need to upgrade to something better