When my consumer flash ssd can typically provide data to a read request inside 50 microseconds, I really expect a big hosted filesystem to have a median latency in the 100 microsecond range.
Ie. I expect amazon to have the majority of filesystem metadata in RAM, such that a single read request from the user translates to a single SSD read request at a known block address. That data is then sent back across the 10GBit ethernet network to the machine doing the request, adding 1.3 microseconds per network switch.