Updates to Contacts and a (slightly) new look for Gmail
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Cosmetically, I don't really like a list as I can't tell from a glance who is who. I'd quite like a small magazine-style avatar+name+email block - on a grid 3/4 wide and 4 down for example.
I can't drag groups onto users as I do with labels which is a little counter-intuitive. All-in-all though it's not a bad addition, just not a complete one.
Finally I'd like an option to remove the Tasks link, rather than choosing one of three to show. Mostly small things but things I'd like.
One thing I have noticed from a few minutes of use is contact groups should work completely like labels. Right now you can add and remove them well but there is no filtering based on group.
Looks like there's still plenty of space left for companies like Etacts and Rapportive to play with.