Apparently you can upload files for backup, and even share the data with other Google users (read only). It will also maintain synchronised copies of your files across computers.
I hope it doesn't impose a 10,000 files limit on the synchronisation feature, like Fileshare does.?
More information on Google GDrive at CyberNet.
Of course you should treat this as a rumour until it's officially announced by Google - if it ever happens.
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