Yeah; it is excellent. Tad expensive if you don't really need it and to use it properly it takes some software work, but the concept/idea is brilliant and it is the future imho.
I agree entirely: this is the future. I'm using the storage service now (S3) and that really is inexpensive. It all depends on what you want to do with the resources you're given, really. ECC wasn't really desgned to emulate a single server running a website (or even a few sites) but to replace the need to connect lots of physically separated servers to get more 'oomph'. A fantastic idea and well implemented.
Is it hard to learn if your used to cPanel? Similar to a vps admin, or more like command line root access?