The new C3.Large is cheaper than M1.Large (and only marginally more expensive than the old M1.Medium), but its CPU performance is roughly twice as good. Swapping over made a notable difference for our web nodes (perhaps 30-40% reduction in server time for the web-facing tier).
C3's instance-level SSD drives are a very nice touch as well.
C3's instance-level SSD drives are a very nice touch as well.