Careful. My previous startup was a storage company that competed with Amazon and Google when they were charging 0.10/gb and I calculated it should be around 0.02/gb. A few months after launch, they both realized it too and dropped their prices. Leads dried up overnight.

The high prices seem to persist until one day they don't.

Yea, we considered this - but if Amazon and Google compete with us I'll consider it a personal success :)

They compete against you whether they know you exist or not because your customers/prospects know Amazon/Google/etc exists.

It only takes one of the large players to break the pricing stalemate, and overnight they'll all follow to keep their position in the market.

I sort-of agree with you, but in this case I believe it will persist for years to come, as they have faced competitors charging far less for bandwidth for years already and pretty much ignored it.