Latest from Google Labs is Google Trends and Google Notebook.The notebook from google is a pretty interesting tool.What is it for..well..

• Clip useful information.
  You can add clippings of text, images and links from web pages to your Google Notebook without ever leaving your browser window.
• Organize your notes.
  You can create multiple notebooks, divide them into sections, and drag-and-drop your notes to stay organized.
• Get access from anywhere.
  You can access your Google Notebooks from any computer by using your Google Accounts login.
• Publish your notebook.
  You can share your Google Notebook with the world by making it public.

Ya its pretty simple and definitely useful.If google can just move this a little bit ahead then probably it could give Onenote a close competition.Besides its a Web 2.0 product giving access to your notes from anywhere…!Check out the overview of Google notebook and it wont be long before you get hooked on.