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It has multiple points where your data is guaranteed to be setup and copied to. It's somewhat Geo-centralized if you use the S3/US, and data transfer is free to EC2 if you use both in the US datacenters.
The things that suck: Buckets. 100 max; don't group by site name or preformer if you plan on using it. You can override a mime type, but you must explicitly do so at the time of PUT. Limited.
Things that don't suck: It's still relatively cheap, you don't worry about keeping it backed up, stable, or online. It's kind of nerdy-cool.
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