The comparison drawn in this post is valid as long as you assume a capped ~$60 budget such as spend by many hobby enthusiasts. Technically its apples and oranges, as GAE scales out far beyond a single machine setup. But thats not worth a lot as long as your budget isn't highly scalable as well, which should be the case for most private projects hosted on GAE. I'd very much like to see how much requests GAE (I'm using python) would be able to handle after the scheduler changes compared to a $60 dedicated system say running a node.js + mongoDB + memcache stack. If you'd need to scale out such a dedicated system, my guess is it would financially ruin you to do this with GAE if you have profitable business model behind it.
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