Do we dare to hope?
We've been hearing various whispers and rumors about Google Drive for years so to hear yet another rumor about the Dropbox-like service is not really at all surprising. This one comes by way of Giga Om, from Om Malik himself. Malik claims that despite the 'Boy Who Cried Wolf' feel to this topic, this time, Google Drive might really be happening.
Om cites an unnamed source that says Google will launch the service in the first week of April. According to his sources, Google is going to offer 1GB of storage space for free, with the option for users to obtain more space as long as they're willing to fork over some cash for the privilege. Google is also said to have developed an API for third party apps with this service so users can store content from other apps, too.
Google has commented beyond the usual 'we don't comment on rumors and speculation' bit, but considering April starts this coming Sunday, we're not going to be left hanging on the edge of our seats for long. There's also the fact that the Google Drive rumor is as old as the hills, so holding your breath isn't advised, anyway.

I currently use SpiderOak which uses "zero-knowledge" data encryption. If Google Drive uses something like that I'll certainly look into it.
1GB doesn't sound like much, but you can't complain if it's free. I WOULD like to be able to use the space from my Gmail account as extra storage space for the drive. I have roughly 7.6GB that I am not using.
translate - i am living in Peru but speak spanish poorly so I make shopping lists. Would love to be able to save them without cutting and pasting into word processor. this way they are associated with the program I use to make them, available on any device.
maps - it's save features leave much to be desired
allow opening the document to launch the associated web app
please get Google+ Picasa integration worked out it is a mess right now.
how will the storage I have already purchased be affected by this?