It appears so.
At this moment in time, many blogspot blogs aren’t loading, YouTube is either failing to load or unsearchable and embedded videos aren’t loading elsewhere. Gmail is failing to load in some locations and more importantly google search is showing frequent server errors.
This is not good, particularly as its just 24 hours since the last officially downtime.
How are things on your end?
Update 1: This may once again be location specific. Reports from people in the US suggest they are only having issues with YouTube and some with GMail.
This is breaking news, more to come as we hear it.