Ugh. There is no 50% price cut. The author just misread the "Reserved Instances" post on the AWS blog. Too bad. I actually had my hopes up for a minute ther

Ugh. There is no 50% price cut. The author just misread the "Reserved Instances" post on the AWS blog. Too bad. I actually had my hopes up for a minute there. Then somebody asked for an official statement and the author referenced that blog entry, which only deals with 24/7 instances, and even then wouldn't be a 50% saving unless you committed to a 3 year contract. So yeah, nothing to see here.