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Very well written article. It's nice to see the usage of EC2/EBS in a simple to follow, step by step tutorial.
Huh? It costs $2.40 a day to run Django on that? Is that not a bit...expensive?
That's nothing about Django, it's just having an instance running. At 10¢ an hour it adds to $2.40 a day.
If you don't need to be elastic a VPS may be cheaper than EC2.