Well, the first day of Google I/O turned out to be better than expected! Especially on the App Engine front there are some extremely positive surprises:

• Google Storage, S3 like RESTful storage service
• Google App Engine for Business, multi app control panel, support for SQL, SLAs and more
• Map Reduce
• Very large data analysis and Prediction
• Channel API, OAuth, OpenID, and more.

To tell you the truth, given the latest developments in the AWS world, I was afraid that I 've bet on the wrong horse. NOT any more!

In Google we trust!

Google Technology Programming Cloud Web