The answer, according to Cloudscaling is yes.
And I'm in agreement. I don't think people realize the torrid speed at which Amazon is adding features and services to their cloud offering. In fact, I see service providers still thinking they can wave the bloody shirt of security and stop this river.
The trend is clear. Since Amazon’s start, they have accelerated rapidly, almost doubling their feature releases every year. 2009 was spectacular with 43 feature releases of note. Since the beginning of 2010, Amazon already has 8 releases of note.
In contrast, traditional hosting companies moving into cloud computing are hobbled by running two teams: development and operations. Expect the gap to widen as more hosting companies continue to misunderstand that this race isn’t about technology; it’s about people, software, and discipline.
As I wrote in Cloud Computing Is Moving So Fast, Traditional Management Process and Tools Will be Under Pressure, the current approach to service development is not going to work. You'll need the equivalent of cloud "product lifecycle manager" aka a service catalog to keep up the production and change of new services to customer.
Check out the graphic. If you are an MSP, it should send shivers down your spine. Ditto if you are an old-fashioned IT guy. But if you are not... you might just be savoring a new world.
And Randy is right, you will need help getting there and you will need new technologies. Race On!