Google 2011 is not Google 2001 in many ways, some good and some bad. One way which people haven't cottoned to yet is that Google 2011 privately realizes that it controls navigation on the Internet and bakes this advantage into the distribution strategy for every project they care about.
Did people not notice this when Chrome got front page billing? When Google Video got thumbnails on the SERPS, expanded to YouTube once it joined the family? When Google Maps/local got 50% of the screen real estate for local queries? etc, etc
This frog is not being boiled. The bones dissolved, the water evaporated, and the fire went out years ago.