places like the Great Barrier Reef in Australia, Mount Everest in Nepal, the Greenlandic Icefjord, Mount Kilimanjaro in Tanzania or the Galápagos Islands in Ecuador. Having spent ten days at Mount Fuji, an iconic and sacred place to discuss the special relationship between nature and human beings, the young participants were well prepared to meet the challenge at the COP10 conference in Nagoya. With their video statements, dance performances, side events, their exhibition and treasure box, they called upon decision-makers to halt biodiversity loss and conserve their precious sites.

The video statements proved to be a convincing medium to engage people. Avaaraq from Greenland opened the floor by introducing the endeavor, truly speaking with her heart:

“Take a look at me. Take a look at my friends. Our homelands arepublic and private subnets, an Elastic load Balancer, and an EC2 instance - Sample template showing how to create a VPC with multiple subnets. The first subnet is public and contains the load balancer, the second subnet is private and contains an EC2 instance behind the load balancer.

Initial Answer
I don't think creating an Amazon VPC with AWS CloudFormation is already supported.
While AWS has just announced AWS CloudFormation Support For VPC as of February 12, 2012 indeed, this covers existing resource types only:

All resource types such as Amazon EC2 instances, security groups and
  Elastic IP addresses, Elastic Load Balancers, Auto Scaling Groups and
  Amazon RDS Database instances can now be deployed into any existing
  Amazon VPC using CloudFormation templates. The templates allow you to
  run