EC2 new price

Amazone just anounced reserved instance.

The 3 year reserved small instance price at 3.9 cents per hour, which is equalivalent to $28 per month. Not bad for a vps with 1.7GB ram and 160GB hard driver at all. But I have found some even lower priced VPS, $3.95 per month for 512MB ram with 1 year billing.