It sounds like Google is getting close to making a service called "Google Flipper" public in Google Labs. The service is still under lock and key -- only people from inside the corporate network have access to it.
The service appears to be a new way to view news data -- instead of seeing headlines and descriptions, you basically see a screenshot of the actual news article. Check out a screenshot of the new service at TechCrunch.
Personally, I would much rather use Google News at it exists today than something like this. What do you think?