Did App Engine suddenly start costing a minimum of $45 per month?

http://googleappengine.blogspot.com/2011/05/year-ahead-for-google-app-engine.html

Summary: pay-as-you-go is 8 cents per hour an instance is running, or 5 
cents per hour if you pre-reserve. This translates to $58 per month for 
pay-as-you-go or $36 per month for pre-reserved. Add the $9/app/month fee 
for any serious apps with billing enabled (required for using blobstore, 
etc), and it translates to $45 (if pre-reserved) or $67 (pay-as-you-go). And 
this is for an app with only one instance always running.

Compared to what we've been used to, this seems like a major increase in 
price. Maybe someone can shed some light on this - I hope it's not as bad as 
it looks to me.

(P.S. Pricing for High Replication Datastore is a welcome change - thanks 
Google. You've also made it easier to pick HRD, as there'd no pricing 
advantage for M/S anymore).

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