That's basically what this means. If Google launches this service, in my view, they may very well be opening the door to government intervention.
in reference to:"However, the fact remains that Google SEO will be the only SEO agency in the world that can guarantee first page rankings because they are the only company that will have access to the algorithm that dictates it."
- NewsWire - Google to Enter SEO Business Facebook to Follow (view on Google Sidewiki)