Google has unveiled its new public beta - Base. Although described as an online database where users can store anything, the functionality it presents to a new user is very comparable to the offerings of Craigslist.
From Google's description "Google Base is a place where you can easily submit all types of online and offline content, which we'll make searchable on Google (if your content isn't online yet, we'll put it there). You can describe any item you post withattributes, which will help people find it when they do related searches. In fact, based on your items' relevance, users may find them in their results for searches on Google Product Search and even our main Google web search."
To me it seems a way for people to post specific items on Google and get those items specifically featured in Google's searches. I've only started playing around with Google Base so expect an update in the near future.