Hardware and software are different things. We are all sad that Google Reader doesn't exist anymore, but every silicon product has basically been a flash in the pan. They make it, you buy it, and by the time it's shipped to you, it's announced as obsolete. That's the pace of that industry. Maybe with Google's attention span, they should have been a hardware company all along. They will fit right in.
I'll stick to the usual suspects before I get roped into some cloud based development system. Why does Google need access to my IP to begin with?