Not my review, just linking to this article on Techtarget's new Cloud Computing site. The article has an interview with David Malan a Computer Science lecturer from Harvard making some fairly "kicking in open doors" kind of remarks. Amazon's AWS in the 'oldest' game in town and as a result has evolved substantially.
A comparison is made with Microsoft's Azure and Google's App Engine which in my humble opinion is comparing apples and oranges. As it stands, Amazon's service is more an Infrastructure as a Service, where is Microsoft and Google's respective offerings are more Platforms as a Service. They provide environment in which you can start coding immediately and not have to deal with the mechanics of individual server instances that have to be prep'ed with the dev platform of your choosing (the Amazon approach). Yes, you don't have to start completely from scratch, you can build on someone else's image, if it would suite your way of work...
Also the article, as far as I've been able to establish, contains an inaccuracy. It states that you can choose machine images with Windows 2008 Server, however there are currently no Windows 2008 images available on Amazon.
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