Updated and corrected thanks to commenter Mark Whiting
Life Magazine has just announced its 10 million images will be available via Google Image Search.
Interestingly the photos reside on Google itself at this address: images.google.com/hosted/life.
Out of curiosity I typed in images.google.com/hosted to see what other hosted sites Google has. guess what? This entry redirected right to images.google.com/hosted/life, leading me to beleive this is the only hosted photo initiative Google has undertaken. So far anyway.
For Life, the revenue model is selling photos on Qoop and moreover, Life.com indicates these photos will also be available on this site — or perhaps there will be a redirect to Google’s hosted area. Here is the message I saw today: