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"This is not an official Google project, and Google provides no support for it."

I guess the intended message here is "We don't promise to maintain or update this or fix your bugs/issues/concerns", but it seems weird to say it's not an official project when it's on Google's namespace

There are a lot of projects in the google namespace that are just experiments by employees. Being there just means "done by someone affiliated with google", not "officially supported or endorsed". A bit confusing sometimes, but that is how it is.

This might make it easier to use Google Web Fonts in offline environments.

The fonts were always available in a repository format: https://code.google.com/p/googlefontdirectory/

Why?

Git seems like a poor choice for publishing already compressed assets like fonts. Just include the font files you need in your offline applications.

There has been an AUR package for the fonts since 2013-04-27: https://aur.archlinux.org/packages/ttf-google-fonts-git

are all google fonts available here? I see only few to http://www.google.com/fonts/..

Google Web Fonts on GitHub