Google CEO Eric Schmidt has been appointed as a member of Apple Computer’s board of directors. Although this does not mean a formal alliance between Apple and search leader Google, many are already speculating on potentially awesome partnerships between the two.

Om Malik throws some suggestions in the air:

Is it too hard to imagine - watch the video on Google Video, and download it on iTunes store? Both parties win? iTunes being included as part of Google software pack, or part of Google Toolbar? Google driving music-related searchers to iTunes store.

Techcrunch says:

Google alone is frightening enough for Microsoft. One way or the other, this could mean exciting things in the future.

Fellow blogger and Mac nut jiboneus hopes for something I heartily agree with:

What I hope will happen, some of Goolge’s Internet knowhow could rub of Apple and some of Apple’s sense of design could rub of Google, I do think Google really need that.

I’m just amazed with how Apple always seem so exciting. For a company that only has 5% market share, Apple sure packs a lot of weight and influence. Awesome!

Update: Some interesting speculations I’ve heard:

1. Schmidt to help Apple take over Sun.
2. Schmidt will make iTunes free.

Heard both stories from the very entertaining Mac news podcast, Mac OS Ken.