Users will be able to easily view PDFs on the web from any device. I primarily read HN on my phone. Any time I see a [Scribd] link, I forget about the story because I can't read it. I have also had several occasions where I needed to read a PDF on the go. I had to email it to a friend and then call them, dictating the pertinent bits over the phone.
Once this is live, Scribd will gain at least myself as a user, and I suspect many more.
(Nesting is too deep to reply to axod, so: the fact that Google is doing this should be reason enough. Scribd exists as a place to publish material. That material should be reachable by as many users as they can manage.)