Edit: it looks like this article was released a few minutes after Google announcement...
Edit2: it looks like he had access to the spec a few days ago. I still think that Google is not putting their money blindly into VP8 though, they have the money to pay hundreds of analysis like this one and they sure did a lot of them, so it's either good enough or they have plans to make it good soon enough. Still better than x264 for people involved in free/open source like me.