The most exciting aspect of this for me is that they aren't announcing they are putting it together or rolling it out. You see the announcement and right now you can ping your cloud front or refresh your site and see the dramatically improved asset load times.
Makes a lot of sense, given that Australia has a lot of people who want cloud services. Great position for the rest of Oceania too!
Great news! Now I want EC2..
Why wait for EC2, there is already a high performance compute cloud in Sydney thanks to http://orionvm.com.au
And according to trace route they are in the same DC.
At $0.8 per gigabyte of transferred data? no thanks. Amazon prices at $0.19 per gigabyte for first 10gb, then less for additional data transfer.