If you look at the commits, there's a fair argument that Google "controls" WebKit. You could almost say Apple got KHTML'ed ;)
I believe this is an honest move. This is what happens with software. Goals change, old code and design no longer makes sense, you refactor or rewrite. The architecture of WebKit was created to address goals that are a decade old now. The multi-process nature of Chrome alone, an amazing achievement and really quite elegant if you've looked at the way they bolted it on, was bolted on all the same.
V8 without a doubt re-invigorated JavaScript. When V8 was announced there was a lot of "do we really need another JS engine" arguments. You could argue that other engines were getting fast as well, but v8 got people really thinking about JavaScript outside the browser. I am excited to see what new insights this new rendering engine brings -- and what unexpected positive consequences it generates.