The point is, you have a lot of options with EC2 in terms of performance, and comparing a single instance deployment doesn't really do it justice.
[Edit] Here are a few links to Phoronix results for EC2 instance types not included in their testing. m2s, cc1s and cc2s are the better CPU performers in EC2 due to faster processors. If you do a CPU performance comparison, these instance types should not be excluded (as I observe they often are):
m2.4xlarge - 8 cores - X5550 http://openbenchmarking.org/result/1208019-SU-CLOUDHARM39
m2.4xlarge - 8 cores - E5-2665 http://openbenchmarking.org/result/1208139-SU-CLOUDHARM43
cc1.4xlarge - 8 cores/16 HT - X5570 http://openbenchmarking.org/result/1208127-SU-CLOUDHARM93
c1.xlarge - 8 cores - E5506 http://openbenchmarking.org/result/1208134-SU-CLOUDHARM15
These instances were tested using CentOS 6, which will be a bit slower than Ubuntu 12.04.