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Sounds interesting but I think I’d like to see some evidence that Google are serving up my files from the closest location. Potentially they could be making them further away than on my own server.
This, and a number of other free services, look like a good way of spreading the load of a popular site across a number of servers without the need for expensive hosting.
@Jared – I see your point but that sounds more like Google covering its back. They’re only providing a free service so they don’t want to be financially responsible for any loss of data. Also, if I’m serving up static files to the whole world via the internet I’m not that worried about Google having access to them as anyone on the internet can access them.