Google Announces Google Maps Navigation For Smart Phones…. Garmin And TomTom Freak [UPDATED]

From the “this day was coming department” comes this announcement on the Google Blog:

Today we’re excited to announce the next step for Google Maps for mobile: Google Maps Navigation (Beta) for Android 2.0 devices.

This new feature comes with everything you’d expect to find in a GPS navigation system, like 3D views, turn-by-turn voice guidance and automatic rerouting. But unlike most navigation systems, Google Maps Navigation was built from the ground up to take advantage of your phone’s Internet connection.

The first smart phone that will have this will be the Motorola Droid and it will only be available in the US for the time being. But it would be a safe bet to assume that this feature will be on any smart phone with a GPS capable of running Google Maps in the near future. If I’m Garmin or TomTom, I’d be a bit concerned as there’s no way they can beat the price of this service, which is free.

UPDATE: Garmin stock is being hammered harder than a porn starlet. As I type this, their stock is down by 15%.

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