Not feasable IMHO as Amazon is not kind with porn and Hentai Section is porn. And it is the section that attracts best part of otaku visitors.... 
And I found an Indian Hosting Service that wants 3,50 US$ per month if customer signs a 3 years contract.
See my first post.
Amazon has no say as to what you host on their servers unless its illegal, if you want to have a hentai section amazon isn't going to throw a fit unless you are generating insanely large amounts of traffic and you advertise yourself as an Amazon partner or that you are heavily using their services.
Plus you just take the hentai and put it behind an age wall where the user has to verify age before entering.
Amazon is too large of company to worry about porn being on their servers unless its being sold, illegal in the hosting territory, or generating extremely large amounts of traffic.
Sure the Indian service might be cheaper but then you have to add different factors into it:
How secure is the server from outside attacks?
How secure is user information on their servers?
Will they sell user information?
Will they sell user IP identification?
Will they throttle bandwidth?
Are their servers elastic type which can adjust to demand and even auto turn off if there is absolutely no demand(quite rare in many cases)?
Will there be secure image backups of the server and site?
How clean and streamlined is setup, operation, and management?
Overall the main question is,
Can they be trusted?
With AWS your getting everything listed above along with Amazon's supreme customer services if something goes wrong!
Your getting servers that are located in the United States, are secure, simple, and elastic.
Even if our goal was to largely expand the site and community, which I believe it isn't, what happens when a larger server is needed?
More cores, RAM, disk space, bandwidth? You get charged with it at a heightened rate compared to what the starting rate was!
Am I saying that hosting services in India are a bad choice or idea?
Not entirely, just that when there is an option that leads to better long term security and sustainability for the website and community as a whole available why not make that choice.
In the end its entirely up to Fedora to make the choice on how we will move forward though I believe it would be best to make a decision together that will benefit the site and community at whole.
I will stand my ground and say that AWS is probably our best option moving forward, even if a somewhat cheaper site can offer a slightly cheaper rate than AWS I will feel safe and satisfied with an American or Western European based host.
Just to touch base on the whole porn thing one last time, Amazon isn't going to make a move on a small time forum that has been somewhat buried in the back of the web for years.
Even if we start growing at an alarming rate that causes Amazon to take notice at what we are doing they won't make a move unless it directly affects their ability to provide service or it tarnishes their name is some way. Though it wouldn't even be a problem as long as you don't do something like sticking "HOSTED BY AWS" at the bottom of every page, if people don't know your being hosted by them then it isn't an issue.
I say all this with confidence as a Amazon Certified Partner, IBM Certified Partner, and Google Certified Partner.
We are very tiny little fish in an over populated lake that everyone is looking at, no one is going to bother us if we have a little pink when most other probably have more.