How does the pricing compare with say X amount of tasks that run for 1 second each compared to what you could expect from 1 hour on a medium ec2 instance? EDIT: I see it offers "The Lambda free tier includes 1M free requests per month and 400,000 GB-seconds of compute time per month. " What is a GB-second ;)
Re: gigabyte seconds: It's how much memory (RAM) you're using:
128mb RAM (lowest possible value) for 10s == 1 GB/s
1gb RAM for 1s == 1 GB/s
I think it's a pretty clever way to (somewhat) directly correlate compute cost with power (energy). If you remember what John McCarthy said when he imagined that computing would be a public utility one day (http://www.technologyreview.com/news/425623/the-cloud-impera...) I think this is about as close to that as we're going to get for a little while.