[movedx]

> Am I missing something?

No, but you're not the OP above my comment, so my question still stands.

> (eg use the Sydney AWS region, put Cloudflare in front of it and then watch your traffic to/from Sydney take a round trip via the US or Singapore)

I don't understand? I don't have this issue (I'm in Brisbane; I use ap-southeast-2)

> [c] this does nothing for non-static assets

Non-static assets are going to be very tiny in most cases, and the problem then becomes about volume. If you've got volume and your business model doesn't suck, then you can afford the rate (my understanding is AWS' network egress charges are gross compared to other vendors.)