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Never_again - 5:30 am on Sep 2, 2004 (gmt 0)
We're currently running a test with new branding features on Google ads. You may notice some of your pages displaying 'Ads by Goooooogle' ad units. We welcome your feedback on this new look, and we'll be analyzing the results of this test over the next while. IMHO, I really don't understand what they are attempting and agree that it doesn't look professional.
From Google's "What's News" page: Ads by Goooooogle