Yes, it looks like Amazon has been solving the easy problems (paid AMIs, bigger instances) first, while the hard problems will be addressed later. But given that it took a year or so to add large instances, I wonder when load balancing and storage will be improved.
Is the instance storage faster? I know there is discernible latency with file transfer between EC2 and S3. Having faster local storage for each instance could be very beneficial for swap space or temp tables, if your servers need a lot of it.
Some calculations don't need to be done that often. Recalculating for a massive data set can often be.. fudged for a period of time, in scientific computing - accuracy decreases over time, and then a full recalculation is eventually necessary. If you need major computing power, but only need it twice a month, this type of plan is economical, whether you're a large company or a small one.
http://developers.slashdot.org/comments.pl?sid=329797&th...