Well... whats so interesting? What IS interesting is how the domain name came about.
Apparently, they received an email from Yahoo! IP Enforcement entitled "NOTIFICATION OF INFRINGEMENT / googleyahoonews.com". [their previous website was at googleyahoonews.com]
To find out more, read http://www.combinews.com/about.php
Anyway... you see that its Yahoo that is making a lot of noise, not Google. (Initially, the site also received a free Adwords voucher from Google to advertise googleyahoonews.com)