Google Fast Flip is essentially Google News in a different format

Today Google announced a new Labs experiment: Google Fast Flip.

Google already has an outlet for news, namely Google News.

In my opinion Fast Flip is the same news outlet, only in a different interface. An intuitive interface I must add.
But the Google News interface already has a "newspaper-like" shape. To scan the headlines I like Google News better. This also has to do with the fact that I can add subjects and content myself.
Further more I can arrange the frontpage the way I like it.

What's your opinion? Just another funny interface the guys from Google are playing with, or is it really revolutionary???