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As Matt said, their offering is fairly different from EC2 (and Openstack), competing more with compute-heavy providers, rather than amazon-like application-host offerings.
Their beta is currently only available to customers that they expect will run real jobs. Expect a phone call and a conversation about your application and current compute use before your organization gets an invite.
One neat thing about their product is that they provide dedicated spindles on ephemeral disks for instances with more than 2 cores.
Their user tooling looks very nice. There are probably features worth borrowing there.
-Paul
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