Google Code Hosting

Hello,

I am about to take over maintainership of a small project (just a hobby,
won't be big and professional like gnu) ;-) and I'm wondering where is
best to host it.

I know that there were some "freedom" problems with Sourceforge in
recent history but I can't find any reference to it. I was sure there
was some mention of it on gnu.org.

Are these concerns still valid and what are peoples thoughts on hosting
code with Googles new software project hosting service?

Thanks

~sm