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Spoiler alert: nothing much.
The New Yorker just published "What Ever Happened to Google Books" by Tim Wu. The short article reminds readers what Google's plans were for Google Books and what has happened with the project since.
Google Books is still alive although Google retired the associated blog in 2012. The Google Books blog points to another Google blog, Inside Search but a search for Google Books (ebooks, e-books, books, electronic books) turns up nothing much. Seems Google Books, while alive, is indeed in limbo.
