From the invite to the Google Maps event next week:
... will give you a behind-the-scenes look at Google Maps and share our vision. We'll also demo some of the newest technology and provide a sneak peek at upcoming features...
I translate this to: "we don't really have nothing ready to ship, but we are scared shitless about what Apple is going to announce at WWDC, because it might be really really cool, and it might show just how much we dropped the ball with Maps. We got cozy with all cool stuff we did way back then, and sat on our asses, just toying with new stuff (like 3D, even), but without the focus required to really have something to launch. Yeah, we fucked up, but maybe we can trick you into looking this way for a couple of days, you know, until the WWDC buzz is over."
I really hope I'm wrong. But if I'm not, this is just sad.