I'm still shocked to read that people assume that Content Delivery Networks are expensive, most charge as little as 0.20c per a GB.
Serving static websites on CDN's is amazing - you get the performance of a dedicated server without actually paying for it, plus you have a server in all major regions around the world so effective its actually better than a dedicated server for speed and scalability.
There is a few major set backs when hosting on CDN's and these are:
NO PHP FILES
PHP Support (You'd need to use contact forms via AJAX to retieve a contact.php from else where, html methods suck - if you don't need a contact form then AWESOME! for things like comments you can use DISQUS which is Javascript.
CNAME ISSUE
Sadly most CDN's don't support non-www cname so you can't resolve the domain when someone forgets the www, not a major problem but there are ways around this. You setup a EC2 or shared hosting and you let it handle the non-www with a redirect. So whenever someone forgets the www it communicates with the server then redirects to the CDN correctly. Alternative method is that you pick a CDN which supports this - I believe limelight does but Amazon, and Rackspace do not. I've heard limelight hosting the DNS and making edits manually on their system, I've never done this myself so cant confirm they do or do not.
Content Updating
The other set back is that you need to purge the content or files that your editing, so say for example you make some additions to the index.html you'd need to either setup a short expire on the container or manually purge that file from the cache so it updates all over the world.
Summary
Hosting a static site on a CDN is fanstatic - I run a handful of static sites on CDN and they are fanstatic, I only use like 1-2GB on each site and I get bills for £0.24p for each site, which is cheaper than shared hosting, and gives you the proformance of a dedicated server. If your going to setup a small VPS other than a EC2 for the redirect any VPS that is 128mb will do it. You can get a cheap one for like $1 a month. Just Google 128mb VPS or VPS under $5 a month - theres hundreds of companies doing LOW SPEC VPS for peanuts which will do the trick.