Google Navigation announced for Android phones

Smart phones featuring Android 2.0 will now support a new Navigation feature developed by Google

From their blog:

This new feature comes with everything you'd expect to find in a GPS navigation system, like 3D views, turn-by-turn voice guidance and automatic rerouting. But unlike most navigation systems, Google Maps Navigation was built from the ground up to take advantage of your phone's Internet connection.

This application will including turn-by-turn directions, overlayed on Google's satellite and street views, which looks very cool. 

Check out the video:

Now I just need my new Droid...