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It's really mostly EBS failures, so the title is overly dramatic. And EBS has been known to have issues.

This is incorrect. EBS is part of the issue, as well as intermittent connectivity failures for EC2 instances.

We're also seeing connectivity issues with our elastic load balancers.

I've got 2 EC2 instances with EBS root devices -- both are unreachable. My RDS instance is responding, but it is very slow -- struggling to make a backup.

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