Instead of simply flailing our collective arms around complaining about an evil corporation, has anyone written to the respective competition authorities (such as the FTC in the US or CCI in India) about the potential anticompetitive effects of this proposal?
Yes, I have. A couple times now.
Google has been strongly signaling this since last year. No one wanted to believe it last year though, before the tech bubble burst. Now that people see Google isn't so awesome right now, perhaps more people will write and contact their representatives.