Bloggle? Googer? Google buys Pyra

Why am I always the last to know? Dan Gillmor reports that Google is buying Pyra. In the short term, the main effect will be greater stability for Blogspot users.
Over at his blog, Dan is also collecting commentary from bloggers about this move. Most seem to think it’s a good fit.
I wonder if this will spur Google to start indexing down to the permalink level? This would be a major shift from the web-page indexing paradigm that’s been used by all major search engines thus far. I’ve been working on an essay called “We’re addressing the wrong level,” but I never seem to get it done. Maybe this is a good time to get those thoughts out and onto the record.