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http://therealurl.net runs on on GAE and handled >1m reqs/day a few times with no problem. Billing is turned on, but limited to $1/day - Google only charge for the resources you use and you can assign X cents for bandwidth, Y for CPU etc.

I posted a screenshot of GAE quota usage on 430k reqs/day, might interest you: http://niryariv.wordpress.com/2009/11/27/google-app-engine-q...

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