It is, it was in all the newspapers today.
Competition, especially from someone as big as Google, is always welcome. In the end it will push MS to get their heads out of their asses and increase quality throughout.
It is my belief, considering all the critical (and occasionally, not quite as critical) programming flaws that have been discovered these past few years that MS has more asses than heads...
That report is a little lax. It doesn't mention that they also headhunted a lot of guys from Sun, and than means also from the Mozilla camp. There's more than just ex-MS guys moving to Google and planning a little browser revolution.