Google to become a Domain registrar?

Slashdot is running a story about Google being an ICANN-approved domain registrar now. This in theory opens up the possibility that Google could offer a domain registrar service like GoDaddy.com (which is who I currently use).

With how successful Google is and how well the design their sites like Gmail, I would put serious consideration into switching registrar’s to Google if the price per year is right.