Google has just unveiled their new entry into the Social Media Arena with Google Buzz. Google’s philosophy on social media is that it wants buzz to be "the paragon and poster child for creating a social destination in an open environment that adheres to open standards."

The five key features that define Google Buzz are:

• Auto-following
• Rich, fast sharing experience
• Public and private sharing
• Gmail Inbox integration
• Just the good stuff

Google buzz will also be accessible via mobile in three ways: from Google Mobile’s website, from Buzz.Google.com (iPhone and Android), and from Google Mobile Maps. Buzz also knows wher you are, figuring out what building you are in and asking you if it’s right. Buzz has voice recognition and posts it right onto your buzz in real-time, while also geotagging all your posts. 

If you want more info, check out the Google Buzz Demo posted above.