According to the Wall Street Journal, Google is working on a few things. They are, according to the world's most infamous tipster "People Familiar With The Matter," working on an Android-powered video game console. And a smart watch. And a new Nexus Q. And the possibility of Android-powered appliances (like refrigerators). And Laptops. And, oh yeah, low-cost phones for developing markets.
Typically we avoid reporting on too-good-to-be-true rumors, but today's alleged revelation is a real whopper.