This was announced on their blog Friday:
On a related note...
I posted a story in the supporters forum that theorized, based on internal Google doc's, their future was wrapped up in overseas growth. The most important growth sector is Asia where Google lags behind.
In that story, it stated that over 50 percent of the queries come from outside the USA and account for 31 percent of the advertising revenue.
If Google see's it's financial growth tied to overseas markets, then long-term webmasters should give more attention to overseas markets and other languages where sand boxing for money terms are not as big of a factor (IMHO).
I think proof of Google's determination to improve revenues from overseas markets is evident in their recent addition of 4 more languages to AdSense.
For webmasters wanting to follow Google this basically means having their website translated for starters. I spend a fair amount of time hunting down low cost translators on various webmaster contractor venues.
This resulted in one authority website of mine being into 5 languages where traffic tripled and revenue quadrupled.
Translating websites is nothing new but actively pursuing traffic and income growth in new markets is a concept that needs to be revisited by webmasters who are (1). battle tired from the Google SEO war, (2). the addition of more AdSense language focused ads, and (3). the increase of outsourcing to affordable contractors through webwork for hire venues.