The progress report for November 2011 is released as pdf and plaintext documents. Highlights include progress on the new Tor Check, Tor Bulk Exitlist, global media hits, Tor Cloud launch, and three new proposals to improve Tor Bridge Relay functionality in difficult environments.
Tor Cloud is a nice idea. Anyway, Amazon EC2 couldn't be the right place to host something like Tor. There're two interesting lectures:
"Amazon, the Company That Ate the World" by Brad Stone  and "Fetishism of Digital Commodities and Hidden Exploitation: the cases of Amazon and Apple" by Wu Ming .
IPv6 and the embedded devices are the right answer in long run.