It's funny, before I started out learning about SEO, I assumed that Google found what I asked it to find. I assumed that if I searched for something on Google and I got no results, it didn't exist anywhere on the internet.
I don't really see what they're trying to do. It's very nice that Google are trying to make the web faster and prettier, but they're a search engine and their job is to get results. True, I don't want a lot of junk directories (which I often get anyway) but I'd rather wait 10 seconds for a site with quality, useful content to load than jump through a series of fast loading but vacuous sites.
Ho hum. That's my take as a web user. As a webmaster, I guess I'll have to adapt.