Anyway, back to Google. Google has a similar but private bookmarking service, Google Bookmarks. If you like Google Bookmarks, but you're like me and already have an extensive del.icio.us collection, there's good news. If you trust developer Mihai Parparita with your del.icio.us password, you can convert your del.icio.us bookmarks into Google Bookmarks.
I've tried it out, and it did indeed import all my del.icio.us bookmarks into Google without any problems, and my del.icio.us account wasn't suddenly hijacked. I did change the password though, just in case.
I'm waiting for that sudden leap of development that makes Google Bookmarks more usable. Right now, del.icio.us just has more features to recommend it. I imagine that Google Bookmarks is destined to be incorporated into some other product. Bookmarks in Blogger or Orkut, maybe?