The new application improves the way you use your phone. You can get transcripts of your voicemail (see the video below) and archive and search all of the SMS text messages you send and receive. You can also use the service to make low-priced international calls and easily access Goog-411 directory assistance.
As you may know, GrandCentral offers many great features, including a single number to ring your home, work, and mobile phones, a central voicemail inbox that you could access on the web, and the ability to screen calls by listening in live as callers leave a voicemail. You'll find these features, and more, in the Google Voice preview. Check out the features page for videos and more information on how these features work.
If you need an invite to Google Voice, sign up here.
Josh's Verdict: Is eBay going to quit their Google AdWords campaign just because Google launched a competitive product, i.e. to Skype? Why not? They did that when Google launched Google Checkout, the competitor to PayPal.
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