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I've only ever used S3, but some of these AWS offerings do look interesting for my little projects. My question is, how do hours get calculated for billing? If I had my super low traffic blog using RDS, would I incur a few microseconds of time per DB hit, or is it rounded up to an hour, or is it the total time the DB is available period?

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You would be paying for 24 hours each day. You are renting a managed virtual server, and you pay for each hour this server is running in addition to usage fees for storage and IO operations when it's actually being accessed. It'd be $20-30/month to host the database for a very small blog.

To be fair, if you qualify for the AWS Free Usage Tier, you could run a small blog with RDS for $0 for the first year.

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