I hope if it's 0.5 hours (maybe I read 15 minutes in some doc?) then we'll 
be able to "reuse" the billed amount for other instances created during that 
time. I see it quite often that a new instance is being created and few 
minutes later it goes away and few minutes later another instance is being 
created for just few minutes (and for few requests). I know the scheduler is 
being updated but I'm sure this still can happen in the future. Can someone 
from Google confirm that if this happens and another instance is being 
created, lets say 5 minutes after a short lived instance was shutdown, then 
we're not billed for another 0.5 or 0.25 instance hours?

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