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It looks like Google is doing the same thing for Picasa. The name is changing to match Google. The only thing Google has bought that is still safe is YouTube. At least YouTube will still be YouTube. For now.
All this name changing seems to be taking a back seat to the new Google +1 business. This is Google's answering to social networking. It is said to be a Twitter killer. The service seems more like FaceBook to me. For now I am ignoring the thing. But Google +1 is all over the news.