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It's mostly hype, they don't really have much going for them besides a pretty decent search engine... a competitor releasing better search engine would kill them pretty fast... on the other hand they have a lot of talent, so they could be cooking up a unix based OS X like operating system for the pc, when they release it, they could take up significant market share away from windows... Or they could do 50 other breakthrough things, but unfortunatly everything released from google since they went public has been pretty lame...
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