I really hope it's not the case, because then Google will cancel it. /s
Search is probably something where there could be creative use of the p2p decentralized technologies. If when performing a search I could ask my contacts to look in their history if they have something matching, and then they ask their contact to do the same, who ask their contact to do the same, I think we could have fast and massively parallelized trust based searches. Then you can rank the results based on how many times they appeared.