It seems that today the wired world is finally forming some opinions on Google’s new Labs creation Fast Flip, released on Monday.

If you haven’t seen it yet, check it out at the Labs site or read Google’s explanation of their new product.

ChannelWeb looks at Fast Flip as a new business model for a struggling publishing industry: “Fast Flip and its advertising revenue sharing could be the start of a blueprint for publishers.”

Examiner.com’s Michael McConnel mentions the similarity to Google Reader: “As I use Google Reader for most of my browsing, it would be a great upgrade to Reader’s interface.”

Perhaps Technologizer’s Henry McCracken puts it best with his “it’s cool but weird” analysis. His main complaints are the “kinda cumbersome” previews, some aspects that “break some conventions of the web”, “un-Google-esque” banner ads and, well, the fact that it just “doesn’t always work”.

Whether Fast Flip misses or meets the online world’s expectations, publishers and readers can be confident in Google to continue its ambitious re-modeling of online content. Adding Fast Flip to Reader and Google News provides a full range of news-consuming avenues for online readers. Expect the Reader faithful to reject Fast Flip in favor of their meticulously controlled newsfeeds while also pining for the snazzy UI offered by Fast Flip. Google News users will shirk at the limited sources and unconventional page design while falling for the improved looks. The final resting place that Fast Flip will take if it ever gets out of its Labs incubator could be skewed toward either one of those Google services… or be an even greater departure.

See what Twitterers like @GreenBuzzAgency are saying about Google Fast Flip!