I understand your point, but the performance issues still stem off of poor IO performance on Amazon EBS. As we continue to use it, we continue to find it to be the source of most people's woes.

If you have solid (even reasonable) IO, then moving things in and out of working memory is not painful. We have some customers on non-EBS spindles that have very large working sets (as compared to memory) ... faulting 400-500 times per second, and hardly notice performance slow downs.

I think your suggestions are legit, but faulting performance has just as much to do with IO congestion. That applies to insert/update performance as well.