It looks like the folks over at Mactel Chat have come up with some solid evidence of Apple collaborating with Google (via CrunchGear) over the new version of iPhoto.
It probably means that Apple is planning some sort of mashup with Google Maps inside iPhoto itself, which will possibly allow you to geotag, and then presumably display, your now georeferenced images.
If only it hadn't been Yahoo that bought Flickr, my image sharing service of choice...
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