This morning I noticed something new in Gmail – Google Buzz. Think along the lines of your Facebook News Feed. First thing you need to do is look at your privacy settings. By default it seems to share Picasa pics, your shared Google Reader items and status updates from GTalk and it’s linked to your Google Profile.

Your Google Profile has now also been expanded with some additional features that are linked to Buzz. Easy ability to share content, links, interests and a personalised URL. I just don’t like the fact that your static URL is not customisable and it uses your email address (the part before the @ sign) as URL.

It seems like a mixmatch of things that starts to compete with Facebook, but it’s not all available in once place. So you’ll ask, what’s the point? Is it Google trying to increase the amount of information they already have about their users (cue conspiracy theory)? Or are we going to see a Facebook competitor one of these days?

At first I thought Google brought Google Wave into Gmail. It might have been an interesting match by adding some additional features to Gmail, but in my opinion Google Wave is a failure. It might be one of those cases that the average Joe just doesn’t get it, and in cases even tech savvy users, but I have just not seen the value at all.

Google has the money to play around with lots of things and this is probably just another foray into looking at tools that might gain traction (especially when their features are very similar to what users are used to with Facebook). I think small things like these, lead to big things and believe me a lot of analytics will go into these new features to see how people adopt it.

The question is, do we need another Facebook and can Facebook be bettered? Will anyone even care?

I say competition is healthy, let the games begin!