Google will be launching a new no-charge (“free” as the rest of the world likes to call it) email service, Gmail, with one gigabyte of storage, 100 times the amount offered by rivals Yahoo and Hotmail. The catch? There will be small ads included. One gigabyte? Think of how many offers for mispelled intimate products or urgent assistance for foreign oil ministers that will hold. There is one other catch. The news was announced yesterday, March 31st with an April 1 date on the news release. Many are suggesting that it’s merely a hoax. At MarginalRevolution, we only report. You decide. Here’s the Google page announcing the beta version. Looks pretty convincing, but it would, wouldn’t it?