Not unless he is working with a really small provider. More and more 1GB un-metered for co-location is the standard.* Or if it is metered it's in the multi TB range.
Bandwidth has gotten so cheap at data centers that it's pointless to rate it anymore. Case in point, Cogent just made us an offer for a 1GB fiber loop to our rack for under $400 a month all in. 3 years ago that same circuit was well over $1500. Hurricane is under $2500 for a 10GB circuit. And we are a very small buyer of bandwidth. "Real" companies that are buying multi 100GB circuits are paying very very little.
-Dave
* Most places are going for a 10 to 1 over subscription so you probably may not get the 1GB all the time but the point is the same.
Even if someone's bandwidth is "unmetered", I can assure you that usage is still "monitored". As you note, Cogent is going to oversell their capacity, and most likely, Cogent's customer who sells VPS services will also oversell their capacity. If Loyce is constantly sending hundreds of GB's worth of data to the internet, there will be less capacity for other customers to send their own data to the internet, which will degrade service for others.
The files that Loyce is hosting total over 660 GB. It would not take much for Loyce to run into hitting the multi TB range with files of that size, especially considering that it is trivial for someone to request those files multiple times.