Google released the latest version of its Google Toolbar, Toolbar 3 beta, for Internet Explorer on Wednesday. The toolbar has added three main functions that make it a more powerful tool for Web surfers: SpellCheck, WordTranslator, and AutoLink.

But will the AutoLink function serve like the “relevant” ad function in Gmail?…which isn’t that relevant?

Also, CNET reports that Google’s browser toolbar is raising eyebrows over a feature that inserts new hyperlinks in Web pages, giving the Internet search provider a powerful tool to funnel traffic to destinations of its choice.

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