personally, i'm looking forward to the acquisition so we can have Android devices that match up to the iPhone on a hardware level (emphasis on battery life). but the biggest concern i have is how Google is going to deal with the bureaucratic system that they will inherit from Motorola.
i'm currently working in the mobile industry, and a lot of manufacturing companies (Motorola included) indeed have a "very corporate" engineering culture. there are many levels between the devs/test engineers and the customer (whether it be the chip providers, service providers, other manufacturers) and the higher ups within the company. although Google is already a large company, i feel that they make an effort on minimizing the "corporate feel" and that a lot of engineers are attracted to that effort. but with this acquisition, will top-talent engineers get turned off? or will Google be able to minimize/eliminate the inefficiencies between the Google devs and Motorola engineers?
ps: i'm happy to finally be a part of the HN community :)