Michael Arrington has convinced several high level sources to disclose discussion at a top secret Google meeting where the company discussed plans to release on November 5th a new set of APIs. Those APIs will make access to the data it holds fundamentally open to outside parties, starting with a limited number of Google applications and expanding.
Arrington framed the discussion as aimed at making Google more open than Facebook but I'm not so sure that's what's going on. There's good reason to feel positive about this move, but there are also a number of reasons to be very concerned. This is about putting Google all the more at the center of our lives by plugging outside applications into it and making it the key reference point for applications that want access to us.
I don't think that a meeting like this was held 6 weeks before launch in order to develop the plans; I think they got industry luminaries together to talk messaging. That's something Google needs some help with.
Google, API

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