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Amazon Web Services announces Elastic Block Store (EBS)
EBS removes the scary part of EC2 by providing persistent storage (think virtual hard drives). They can range from 1 GB to 1 TB, offer point in time snapshots (differential backups) saved to S3, lazy loading of existing snapshots, striping across EBS volumes, and probably more I didn't discover. Overall it seems like a nice addition to the rest of the web services.