Google launched Google Analytics, a free analysis service for Webmasters and web marketers. Base on Urchin which Google acquired and make the service free.

Website owners will be able to see exactly where visitors come from, which links on the site are getting the most traffic, which pages visitors are viewing, how long people stay on the site, which products on merchant sites are being sold and where people give up in multi-step checkout processes.

Google Analytics can be signed up for free at http://www.google.com/analytics/

The launched of Google Analytics will surely hurt many paid web traffic analysis services and free service alike. With each passing day, we continue to see more and more web services being offered for free and I believe many other services such as web hosting will be offered for free in a big way in the future.