I hope this shakes up the VPS hosting industry, too. I'd love to see what kind of Linode or EC2 style on-demand computing these might provide.
Hopefully it will be cheaper. $20/month might sound very cheap but for some guys (like myself) living in 3rd world countries, it's almost next to impossible.
If you need money for a project to get kickstarted, try Kiva or Kickstarter.
On the plus site, if 5 of you can fit onto the EC2 small instance, it's only $6/mo, if you do a spot instance with a high maximum.