My sibling comment points out that Tor Cloud is discontinued anyway, but I have some concerns about running a relay on a cloud provider. If a lot of people do this, it seems like it could pose a risk to Tor users' anonymity.
Tor works by bouncing traffic across a few nodes. In an ideal case, these nodes are run by different people in different countries, so even if a vulnerability in a server or legal action exposes the traffic across a single relay, the other nodes are not accessible to the attacker and the users' anonymity is maintained.
If a large number of people start running nodes on cloud services, then this centralizes the nodes under the control of Amazon or whatever cloud provider. Even if you trust Amazon (there are many use cases where you shouldn't) a vulnerability in their cloud services could expose data from ALL of the nodes running on their cloud. I haven't done any specific analysis on this, but my guess is that if 5% of the nodes in the Tor relay system had their data completely exposed, the nodes would include all the nodes along routes for a significant number of users. Combine this with traffic analysis and other attacks, and even more users could be de-anonymized.
I'm by no means an expert on Tor, so I can't say with confidence whether or not this is a concern. Perhaps someone with more knowledge will weigh in.