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In an impressive effort to make the cloud more transparent, open source cloud management software vendor Hyperic has launched CloudStatus.com, a web service (in beta) that lets a user peek in on the various compute clouds to see how things are running.

CloudStatus measures service availability, latency and throughput for cloud-based infrastructure and application services. The initial release provides metrics for Amazon’s Elastic Compute Cloud (which runs on the Xen hypervisor), Simple Storage Service, SimpleDB, Simple Queue Service and Flexible Payment Service. Hyperic does so by sending a software agent to make requests against various cloud services, which obviously leads to a few questions about the viability of the service.

As Stacey Higginbotham puts it on GigaOm:

“It’s a decent idea, but my worry is that Amazon or another cloud provider could shut the service down, either by offering their own status service or by stopping the Hyperic agent. Given the rush to provide dashboards, application-testing products and other services on top of established computing services, I’m eager to see how startups keep their footing in the clouds.”

The Hyperic team also blogged about the release featuring a promotion video which we’re happy to share with you.