I guess this is one Reddit outage that can't be blamed on poor scaling
Apparently most of their problems are caused by bad EBS writes/performance, or at least so they said a few weeks ago after some particularly bad downtime. It looks like EBS will randomly decide to switch to a few bps of performance from time to time. I would use Amazon for my startup, but these issues really make it hard to justify.
If you get a large network load to your instance - say, a DDoS attack - you can find you no longer have enough network capacity to talk to your EBS disks.
This is what happened to Bitbucket in 2009: http://blog.bitbucket.org/2009/10/04/on-our-extended-downtim...