Really? Show of hands, now, who here cares about one (and only one) webapp?
Anyway, what's good for the webapp hosting business is good for web developers, and what's good for web developers is good for the technical ecosystem in general (and then the world). Of course going from VPSes to EC2s was a significant improvement. But that isn't as good as it gets. EC2 rates were cheap already, but when Az started the free tier it represented a significantly lower barrier to entry. That's good for everyone.
And seriously, come on. This is a way of making programs run faster, and not a little faster, but a hundred times faster. It's the very definition of technological progress. It's absurd that we're here arguing about whether it matters or not.