Excellent series of article from Michael Pietroforte about Amazon Elastic Compute Cloud (Amazon EC2) :
Here’s some of Michal’s views :
It never took me so long to set up a server.
The price structure is quite complicated and so I was unsure how much it would actually cost me
I am sure that Amazon’s cloud will expand over time. But, in my opinion, at the moment it can’t be considered as an alternative to on-premise servers.