The_Moose Today's update contains a management interface for your backups. If you choose to enable backup snapshots on a new instance, you will from now on be able to view them in this new page. The new page is found in dashboard -> My servers -> View info -> Backup. Each instance can have up to two backups and all backups are generated on a weekly basis. A backup can easily be restored with a simple click on a button.
Urban Looks great, but it would be better with some kind of information to see how long the restore process will take to complete, I had to wait 5 minutes but I had no idea when it would be up again other than testing to connect.
TheLaughingDuck Agree with Urban, I would also like to see live snapshots so I don't have to wait for a backup to be made automatically from an unknown scheme before making any critical change that could reuin my server and require a full restore.