Google's GDrive as a Holiday Treat?

Will we see GDrive (or by some other name) soon--possible in times for the holidays?
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WSJ reported today (Nov 27) that:

Google is preparing a service that would let users store on its computers essentially all of the files they might keep on their personal-computer hard drives -- such as word-processing documents, digital music, video clips and images, say people familiar with the matter. The service could let users access their files via the Internet from different computers and mobile devices when they sign on with a password, and share them online with friends. It could be released as early as a few months from now, one of the people said.

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Why is this interesting and relevant? Simply because it is another piece of the puzzle about the shift to a network era. Sure, there are others that provide such a service (some free, some for a fee). But, Google's move is interesting and potentially important since we use its services (and applications) so often and on such a regular basis. Sure, GMail now gives me 5GB data storage and I can get huge data for my photos on Picasa (by paying a fee) but these are stored in silos (which is so yesterday!).
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I think this will be a welcome gift for the holiday season!