A supposed screenshot of Google's new free e-mail. With 1G of storage, all for free, this is sure to be brutal competition for Yahoo Mail and MSN's HotMail.
As Google is increasingly attacked by Yahoo and MSN on search, it's a great strategy for them to counterattack in other areas like news (Google News), shopping (Froogle), and e-mail (GMail). It puts MSN and Yahoo on the defensive, distracts them, and forces them to divert resources. Good move, Google.