It is all closed yet, announcement by VP Engineering tells us Google is launching their idea of encyclopedia – looking for people who can write authoritative articles. No words on licensing apart from “we want to disseminate it as widely as possible”, though author-centric view is more what Citizendium, than Wikipedia wants to do.
Ad revenue sharing poses many interesting questions, especially in collaborative effort. As Wikipedia now provides page view statistics, Google (or knollers) may just work on top of the cream pages (by knowing search trends), and have very distorted overall content. Now it is closed, invite only, so we can’t tell anything more. Time will show. Good to know more organizations are believing about aggregating and disseminating knowledge – it is Wikipedia’s mission, and it is nice to have partners. :-) Though of course, there might be some tensions with Search Quality team…