According to this post on SearchEngineWatch, Google has offered to donate servers and bandwidth to the Wikimedia Foundation. This is old news apparently; the first post on Slashdot on this was Feb 10. Slashdot has a link to a very brief unofficial statement from Wikimedia on this.
The terms of the offer are currently being discussed by the board…
…this agreement does not mean there is any requirement for us to include advertising on the site.
Scott makes the point that many are making that Google is “rushing too fast in too many directions.” While I’m not sure I agree that Google is poised to jump the shark, I do wonder what the heck they’re thinking. I’m not even a shareholder, but I’d like it if Google issued more statements about where these strategic decisions are coming from.