It really would, but last I heard they'd decided on (and implemented) hg as their DVCS on the serverside. Fortunately, "clientside" git integrates with more serverside VCSes than any other system I'm aware of :)
At IO 2009 there was a talk about integrating Mercurial into code.google.com project hosting. As I recall it was referred to as the "first" DVCS to be integrated because its requirements lined up nicely with Google's existing infrastructure. It was implied that other DVCS's would be considered for integration in the future.