Finding the right image is key, because i couldn't find the install disks to install IIS after the instance was started. I ended up finding IIS on an image that was Server2003 with SQLExpress as of this writing the AMI is ami-f31ff09a. Here are the basic steps:
1. Create the instance ami-f31ff09a
2. Wait 10-15 minutes for it to fire up
3. Get the password and write it down
4. Set up IIS to work right - need to enable ASP. This is done in the IIS console
5. Adjust explorer to allow access to sites and the ability to download so you can get your files
6. Get your ASP files and test away
