What does this mean to application development? Is it something revolutionay?
What this does it make it a lot easier for smaller companies to do it without having to invest in all the infrastructure.
So I think yes, it will be revolutionary in the sense that it will get a lot more people using what I think is the future direction of compute and application building.
IMO what's really going to be revolutionary is what we end up doing with it, but we're going to have to wait a bit to find that out :)