As John "Wardrox" Kershaw observed on his blog: Google is about to release Google TV, a software platform for set-top boxes and HDTV. It will also feature a browser, remote control, and keyboard interface.
Google also released an app shop which allows you to play PC games in a browser.
The interesting question is:
Does this mean Google is entering the console race in the same way the iPhone entered the hand-held race?
Details on the app shop and the integration of games are still light. In any case, this will have huge implications for the industry; here we have Google getting behind cloud gaming with its own console.
-Jens