But, atleast in my humble opinion, her kerning is way better.The 'gle' doesn't seem so squished, but the 'G' shouldn't use the same space as between the 'o's. It's just way bigger (vertically and horizontally) and more "qubic". So I would sggest to add 1-2px between 'G' and 'o' and it would be even better
btw: http://imgur.com/sasrZ6F the favicon is delightfully sunshiny. I kept looking at it for the first week post-redesign.
... which leads into the question of why Google didn't take the time to address the issue properly? It seems that if you're going to change the logo of a bazillion-dollar company you'd make the effort to get it right. You, me and the OP can't be the only people in the world who disliked the kerning, so it's not as if the Google designers weren't aware it was an issue (unless they completely ignored testing it?) Just seems a bit shoddy.
I wonder if one could come up with some kind of formula to calculate the distance between the letters as perceived by the majority of people, based on say pixel density.