This recent thread is relevent.
http://groups.google.com/group/google-appengine/browse_thread/thread/e19434c4d7ccdf41/7aede121218826db#7aede121218826db

On 1 June 2011 19:28, Anders <blabl...@gmail.com> wrote:

> What worries me is the to me confusing pricing based on instances. As I
> wrote recently in another thread: One new app I have has had 3 instances
> running the last few days. With a 15 minutes minimum it means essentially 3
> instances active 24/7 (the app has cron jobs running). That's two instances
> more than the free quota = 2* 0.08 * 24 * 30 = $115.2 per month. For one
> app! With very low traffic. Incredibly expensive. Can this really be
> correct?
>
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