I'm quite impressed with Amazon's EC2 and EBS services. I wanted to know if it is possible to grow an EBS Volume.
For example: If I have a 50 GB volume and I start to run out of space, can I bump it up to 100 GB when required?
You can grow the storage, but it can't be done on the fly. You'll need to take a snapshot of the current block, add a new, larger block and re-attach your snapshot.
There's a simple walkthrough here based on using Amazon's EC2 command line tools