Google Instant Messaging Client Rumor and Fact

The blogspace rumor mill is at work, grinding away on the possibility of a new Google Instant Messaging client. Search Engine Lowdown has the best summary.

What most people don't realize about Google is that it already owns and operates an IM client of sorts. It came along as part of the technology from the purchase of Picasa. You can check it out at Hello.com.

More on both the rumor and the fact from Internet News.