Looks like the G-Phone is real and coming soon

Reports are all over the place of a google officially announcing a linux-based open platform phone.

http://www.usatoday.com/money/industries/telecom/2007-11-04-google-phone_N.htm
http://gizmodo.com/gadgets/flame-fanning/the-wsj-ponders-how-google-will-change-phones-verdict-feature-explosion-318728.php