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New EBS (AWS) volume type: General Purpose (SSD)
It looks like Amazon has released a third EBS volume type, and renamed "Standard" volumes to "Magnetic". General Purpose is currently the default type when launching "Create Volume" in the EC2 Web UI (https://console.aws.amazon.com/ec2/v2/home), which provides the following documentation:
"General Purpose (SSD) volumes provide the ability to burst to 3,000 IOPS per volume, independent of volume size, to meet the performance needs of most applications and also deliver a consistent baseline of 3 IOPS/GiB. Provisioned IOPS (SSD) volumes can deliver up to 4000 IOPS and are best for EBS-optimized instances. Magnetic volumes, previously called 'standard volumes', deliver approximately 100 IOPS on average, with a best effort ability to burst to hundreds of IOPS."
The EBS Pricing page (http://aws.amazon.com/ebs/pricing/) currently makes no mention of General Purpose (SSD) volumes.