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Advice for hosting ASP.NET + MySQL on Amazon

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http://serverfault.com – I am looking to using Amazon Web Services to host my website. I use ASP.NET and MySQL. What are the basic items that I need to have? For example; if I buy a EC2 OnDemand Small instance it costs $91, if I add 1 elastic IP (does that correspond to the static IP that I need to point my DNS record?) and 100GB transfer it becomes $100. Now I think I can install a Windows 2008 Core server on this, and put everything inside, does that mean I will have a VPS-like server to install IIS and MySQL and configure then? Is it different from any VPS (by the means of administering) or same from that moment o (HowTos)