The wags over at /. are speculating that Google may release a browser. Their evidence includes recent hires at Google and the fact that Google already owns the Gbrowser.com domain.
Personally, I’d say this one lands somewhere between ‘unlikely’ and ‘I’ll have some of whatever you’re smoking’ on the bullometer, but there’s some fun speculation in the comments nevertheless.
Update: UK-based IT rag The Register is reporting on Google’s purported browser effort too, though apparently based largely on the same New York Post article.