Philipp Lenssen cracked me up with just the title of his post named EBay Guy Trashes Google Checkout, Then Deletes Post. Here, read the post;
I find it amusing how the general media is claiming GBuy [aka Google Checkout] will be a significant competitor to Paypal based on GBuy having near zero buyers actually using the service vs over 100MM using Paypal. Lets recall something here folks. In its current form, GBuy is a glorified merchant account.
The post was then deleted, but you can read it all here.