Amazon started primarily as a book store and now it started offering block store. What is this block store, or to be specific, the Elastic Block Store (EBS) service from Amazon? Read here.
One interesting facet of this model is that the pricing depends on the number of requests, not the bandwidth consumed. What that means is if I have a fewer requests on high volume of data, I will be paying less as opposed to having lot of requests on relatively small magnitude of data. Is this correct or did I miss the fine print?
BTW, this new service is part of Amazon EC2 (Elastic Cloud Computing) initiative.