Google's doesn't require a 250mb plugin to become interactive (just a webgl capable browser...). And it seems to be about 8 times faster than W|A...
W|A still does a lot of things other sites don't do, but it tends to be unusably slow, and inconsistent (running same query twice in a row will sometimes not give all of the same results).
I figure the end is probably closer than one might expect for W|A. They don't seem to be moving quick enough to stay infront of the curve forever. Also, the site is becoming littered with obtrusive ads, and that's a pretty negative experience. (I also hear Wolfram's company may be struggling.)
This should have been praise for Google's new tool, but it turned into a rant on Wolfram|Alpha... whoops.