Q&A: I have a new business idea. How can I implement it cheaply using the Windows Azure Platform?

Note: Cross posted from IUpdateable from Eric Nelson.
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I have been asked this one a few times recently. The question is often driven by the realisation that that the Windows Azure Platform is actually a little more expensive that alternatives such as shared hosting/dedicated hosting in the early stages of a new application – i.e. when you have no/few users and you don’t need all that elasticity and high availability isn’t really a priority.  It turns out the Windows Azure Platform actually does a ...