Last week, Google sort-of confirmed to Mashable about the existence of Google Offers by reporting that:
Google is communicating with small businesses to enlist their support and participation in a test of a pre-paid offers/vouchers program. This initiative is part of an ongoing effort at Google to make new products, such as the recent Offer Ads beta, that connect businesses with customers in new ways. We do not have more details to share at this time, but will keep you posted.
Today (01/27/11), Google Offers had a soft launch.
Learn the trick to view the Google Offers in your area!