EC2 - Create AMI - Cannot connect to new instance?

I just tried going through making a AMI through bundles which is much simplier but still does't work. Specifically I wen't through the guide Create an Amazon Machine Image... . I still cannot connect via putty (giving connection refused) nor access any web pages.

To create your EBS AMI from an S3 based AMI, you can use my blog post: http://www.capsunlock.net/2009/12/create-ebs-boot-ami.html.

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