Looks like Google is responding to some critics who say Google takes all and doesn't give back to the open source community. They've just launched Google Code, Google's place for Open Source software.
From their FAQ:
What is code.google.com?
Code.google.com is our site for external developers interested in Google-related development. Its where well publish free source code and lists of our API services.
Who are the people behind code.google.com?
A lot of people worked together to both prepare source code for release and prepare code.google.com for launch and ongoing maintenance. We really care about free and open source software (F/OSS) at Google, and this site is one aspect of that affection.
Via Google Blog - Live.