It's unclear if the Wall Street Journal is reporting on old rumors or have new sources that are actually familiar with the planned launch of GDrive, but they say we can expect see this new service early next year.
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.
Of course, there is never any official word from Google about the future, but when a reputable source such as the WSJ writes an article like this, it's probably safe to assume they have reasonably trustworthy sources.
On March 4, 2006, Eric Schmidt's Power Point presentation on Google's yearly analyst day was published without anybody removing the notes associated with the presentation. Included in these notes were plans of an online repository designed to store 100% of users data -- unfortunately, the service is still "coming soon".
Now the question is weather we can trust the WSJ's "sources"? Personally, I'm getting a bit tired of waiting for the service, and can only hope this time it's for real.