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As part of Google’s ongoing efforts to provide more useful reporting information to advertisers, today we are introducing two new reports for Google Analytics, the AdWords Analysis report and the AdWords Keyword Positions report.
Google Press Release [google.com]
The AdWords Analysis report ties your AdWords account to Google Statistics. I can see this being incredibly useful for some deep drill down analysis.
I don't know if this is because the reports were just released, and one can't look back in time, but all the drill down reports on this particular one (such as browser, language, etc) are resulting in no data for me at present. Could be its just to early to run this report yet - time will tell.
The second report shows your analytic settings (including conversions) by keyword position. When one wants to take advantage of Position Preference [webmasterworld.com], now it can be done with conversion data by keyword position. This is a pretty interesting report that will really help people understand how their position affects conversions.
Overall, a very nice release from Google. One must have confidence in a product to tie in spend with a free analytics program that lets one really drill down into the campaign performance and to optimize everything.
Google will be richer still, when everybody starts fighting for the T1:s. Apart from high relevancy, they require big budget and big bids.