I see Google a little adrift in many of their new ventures, from Google+ to date. But, however, they maintain a pretty solid strategy in the fundamental products that generate most of it revenue, which is pretty much the ad market.

I think that the urge to diversify their money, coupled with, "well, we have a lot of money" is causing Google to invest in many things that eventually turn to dead-ends. That makes Google seem a little adrift, from my perspective, but nothing that would put their business at risk.