Google Page Creator will eventually be integrated with other content uploading Google services like Blogger, Google Base and Picasa.
While Google has said that Page Creator will not offer e-commerce capabilities, the product does compete directly with Microsoft FrontPage WYSIWYG software, currently being phased-out by Microsoft and will be gone by the time Office 2007 arrives. Microsoft Office Live already contains a web page hosting service.
Google is also providing very professional looking CSS templates for your webpages. You can reuse these templates for your blogs or websites.
Google Page creator has four layout styles like PPT presentations. See graphic.
Google Web Hosting - sort of
The web pages and any files you upload (100 MB limit) are hosted on Google servers and are available at http://[name].googlepages.com - you have to create a separate Google Account to change you Google Pages Subdomain.
The interesting thing is that Google spiders will automatically index your webpages within a few hours of publication.
A Page hosted on Google servers
Google Site Layout Designs
Website Templates in CSS
Source: Google Labs | Google Page Creator | Forbes