Google's foray into personal cloud storage, Google Drive, is about to launch next week, according to a report from The Next Web.

Citing a draft release from one of Google's launch partners for the service, TNW claims the service will initially be free, giving out 5 GB of storage to every user.

The details on how, exactly, Google Drive will integrate with your PC are scarce; "desktop folder" integration on Mac and Windows machines is mentioned, but not explained.

The launch date could very well be real. In February 2012, a report (with screenshots) said the service is already live for some users, which usually means the official launch is coming soon.

Furthermore, TechCrunch has discovered a Google Drive OS X app, which currently does nothing, but it's also another indicator of an imminent launch.

Google's biggest competitor in this field is Dropbox, which currently offers 2 GB of free storage to users. What do you think: Does Google Drive have what it takes to compete with Dropbox? What other features would you like to see from Google's online storage service? Share your opinions in the comments.