http://media.amazonwebservices.com/AWS_Cloud_Best_Practices....
“Be a pessimist when designing architectures in the cloud”
http://media.amazonwebservices.com/AWS_Web_Hosting_Best_Prac... “As the AWS web hosting architecture diagram in this paper shows, we recommend that you deploy EC2 hosts across multiple Availability Zones to make your web application more fault-tolerant.”
http://media.amazonwebservices.com/AWS_Operational_Checklist...
“We have deployed critical components of our applications across multiple availability zones, are appropriately replicating data between zones, and have tested how failure within these components affects application availability”
So it seems that the only real benefit to utilising cloud services is to make scaling up easier and save money.