Is google dying?

It seems that the CPC (cost per click) of any keyword on google has suddenly gone mental. heres a popular keyword:

gtgfgfht

and they want £2.75 per click for that?

methinks their algorithm has died somewhat. here are people with more experience (and money) than me complaining:
http://www.webmasterworld.com/google_adwords/3003366.htm

It seems adwords is now a dead end for advertising. Goodbye google, I knew ye so briefly.
My new monitor arrived today and it's L33T.