Yes that pretty much sums up what I believe are Google's long term objectives.
I am wondering if Google has realy though the question of "web page modification" through... or WORSE I worry that Google HAS thought this issue through!
This is a 'Bet The Farm' decision that Google has made launching AutoLink web page modification and Google could get into real trouble and become the next NetScape.
I wouldn't hesitate for one second to blacklist Google's IP ranges and deny them any and all access.
Also consider this ....If Google succeeds in quashing oposition to this it opens this whole area up to Microsoft rerelease SmartTags.