Google News has matured enough for Google to take it out of beta. The creator, Krishna Bharat, made a blog entry about the functionality of Google News and of the announcement.

Google News has matured a great deal, and we're proud to see it graduate from its beta status. Much remains to be done, and as always, we have many exciting ideas that we intend to take forward. Meanwhile, as the saying goes, if you don't like the news, go out and make some of your own. Or just keep reading Google News.
I've found Google News an interesting way to get various types of information, though not entirely that much different from other conglomerate sites. The process behind it is interesting though, and being able to cater news specifically to yourself is neat.