amazon cloud trys to undercut ovh cloud

Amazon EC2 Cloud are now trying to undercut OVH Cloud pricing

Amazon EC2 Micro instances area new, low cost instance type designed for lower throughput applications and web sites. Amazon EC2 Micro instances provide 613 MB of memory and support 32-bit and 64-bit platforms. Amazon EC2 EU Micro instance pricing for On-Demand instances starts at $0.025 per hour.