It's not exactly the same as Bug Labs, but Google posted it on their YouTube channel... is that why they're calling this a G-phone?

Open Handset Alliance

What would it take to build a better mobile phone?

A commitment to openness, a shared vision for the future, and concrete plans to make the vision a reality.

Welcome to the Open Handset Allianceâ„¢, a group of more than 30 technology and mobile companies who have come together to accelerate innovation in mobile and offer consumers a richer, less expensive, and better mobile experience. Together we have developed Androidâ„¢, the first complete, open, and free mobile platform.

We are committed to commercially deploy handsets and services using the Android Platform in the second half of 2008. An early look at the Android Software Development Kit (SDK) will be available on November 12th.