The amazon options are indeed competitive:
the micro instance would be $14,4 / month (30 x 24h) max. 
Or with a fixed booking $54 / year + $5,04 / month

.. and it seems the micro instance should be enough (with Linux) 613MB RAM. 
It is only unclear what bursts of CPU means and 
what their standard is (i.e., continuous CPU usage ok?)

Amazons network connection should be fine.. :)

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