Google is Down! Should We Panic Now?

Depending on where / how I send or receive email, it seems to take several extra minutes to reach the recipient. According to Larry Dignan at ZDNet, it appears to be an AT&T routing issue. Google says all is well, but personally, I don't see that. Emails sent to / from Gmail seems to be taking several minutes to arrive.

Tweets at #googlefail show just how extensive the outage was / is. A check with JustPing shows packets are still being lost across AT&T, but there are signs of improvement.

While some are pointing at AT&T specifically, there were reports of packet loss at Qwest and NTT as well, so it doesn't seem to be isolated to AT&T.

As I've said before, I'd rather give up TV than the Internet, so I wonder how many people actually did panic today? And also, as some companies use Google services (such as Gmail, Docs) exclusively in terms of their work, how much this cost them?