Google has explained what is going on:
https://www.google.com/appsstatus#hl=en&v=issue&sid=2&iid=84...
https://www.google.com/appsstatus#hl=en&v=issue&sid=2&iid=84...
EDIT: Although it does look like they will update it with more information soon.
I was completely unable to access the service. It seems like a 'service outage' to me!