The nice part about something like that is that properly wrapped you can change your durable storage as needed, and can easily even selectively pick "cheaper but less trusted" options for less critical data. It also allows you to leverage AWS features to ride closer to the wire. E.g. to take another example than storage, I've used this to cut the cost of managed hosting by being to spill over onto EC2 instances in the past, allowing you to run at much higher utilisation rate than what you can safely on managed / colo / on-prem servers alone - as a result, ironically the ability to spill over onto EC2 makes EC2 far less competitive in terms of cost to actually run stuff on most of the time.
Seemed to work for Dropbox.