I'm curious what they mean by "secure", since they seem to be trumpeting it as a major selling point. They say that all communication goes through HTTPS, which is nice, but they don't say if the information is encrypted on their servers as well. Can someone who gets a VM running on the same machine use clever side-channel trickery to peek at my files? Can a government get Amazon to quietly reveal all my data?
What would be really nice is something where files get stored fully encrypted, with the key derived client-side from your username and password, and the connections all use HTTPS. (Or something similar. I'm not a security expert, so take this with a grain of salt.)