Anyway this is an test version which they are trying out and soon you too will be getting an account to play with it.
The initial features include -
* storage space - 250 MB, pretty good.
* integration with Google Picasa product (which means you can upload your offline pics to online
through Google Picasa).
* As default from Google, it is light weight and fast.
This is how it looks -
I have to start adding pics of mine and play with it, but don't have enough tick-tick ;)
Happy Google Picasa !