Google launches Google Web Elements – New tool for WebMasters
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Google Web Elements is the new offering from Google for webmasters. Web Elements in the first looks, looks like extensions of Google products, like Google Custom Search and Google Maps, that you can embed in your website for functionality.
They are just merely not widgets but what looks like a better containers for each Google product, that fits for each website. Example – A YouTube web element features news videos from one source (selectable), that can be configured.
This is Google’s step to reach out to Webmasters and try and make them use more Google products on the website, or so it looks like.

Might be good addition to Google .
This looks like a foreboding of Google Wave. 10 years from now everyone will talk about the Googleweb and the internet of our days will be forgotten…