There were rumors that Google Play might be the name for Google's upcoming 7-inch tablet, but it turns out it's actually a "digital entertainment destination where you can find, enjoy and share your favorite music, movies, books and apps on the web and on your Android phone or tablet."
Today in a company blog post Google announced the Android Market will now be called the Play Store, Google Music will become Play Music, Google Books will become Play Books, and the Video App will turn into Play Movies.
The new Google Play icons.
Google Play is already live on the web and it will be rolling out to devices with Android 2.2 or higher over the coming days.
