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G Base is live. I just visited the site and poked around. It allows you to upload any kind of data, and then tag it using your G account. Users can also create tags (labels) and attributes for those labels – and in time the community will have created a set of commonly used attributes for a set of commonly used tags – democratization of metadata.

I guess that we are about to find out the answer to questions like, “Is the world ready for a centralized repository of content contained in a database owned by G ?”, “What does a fileshare in the sky look like ?” and “What services / editors will Google provide around that repository ?”

Actually their existing infrastructure should allow creating services like G Base relatively easily – it naturally fits their BigTable semi-structured storage DB, they just need to index over that information so it becomes searchable.

To know more: http://base.google.com/base/about.html

WSJ has an article titled Google Expands Search Options