Generally I am pro Project Fugu & pro building bigger better web. Google spends an enormous amount of effort working on specs with w3c, wicg, and other browser implementers advancing incredibly good & useful causes. They spend huge effort enhancing DevTools so everyone can work the web.
Building a good & capable web is necessary for Google to survive. An open & capable web is the only sustainable viable alternative the world has seen to closed proprietary systems, which from history we can see have far more risks hazards & entailed pernicious or particular behaviors.
Generally Googles effort to make the web a good viable & healthy platform aligns with my vision. That they want to do good things & make a great connected world wide web because the web's thriving helps them run their advertising business typically does not create a big conflict for me. I'm usually happy with the patronage the web receives & I dread it ever drying up, and it saddens me people are so monofocused, so selective in focusing on only on bad, and I think that perception hurts us all.