A new Bright Shiny Google Tool

Google have just come out with a a New Shiny Tool – and I haven’t got time to really analyse it at the moment.  Does it take us a step closer to my “Mythical One Place” – i.e. a tool that recognises that a social media citizen needs to do three things – produce stuff, consume stuff and share stuff – across multiple places and platforms but all from one place?  Not sure – in the interim check out the ever reliable Mashable for an assessment.