I was thinking that myself. I have been using it since 2010, and prices since then are down by seemingly 50% and still expensive - so in the beginning, no it was not cheap. The IO is both bad and unpredictable, and even high costs instances are highly variable in performance on the same instance cost. meanwhile, their numbers are far bellow that of a hard machine you own, or get from a rackspace company.
they do save a lot of money if you do not need to hire certain types of IT fokes, and aws is extremely cost effective for satisfying the need when you have low traffic and then sudden large bursts of it that must be handled.
they do save a lot of money if you do not need to hire certain types of IT fokes, and aws is extremely cost effective for satisfying the need when you have low traffic and then sudden large bursts of it that must be handled.