Google IM Coming Wednesday?

The NYT piece says:
Google executives say they plan to unveil on Wednesday a "communications tool" that is potentially a clear step beyond the company's search-related business focus.

While executives would not disclose what the new software tool might be, Google has long been expected to introduce an instant messaging service to compete with services offered by America Online, Yahoo and MSN from Microsoft
Not very impressive screenshot! I don't think i will move on "GIM".