Internet running out of IP addresses - IPv4 to IPv6 June 6th 2012

Google announced today that the Internet is running out of IP addresses!

The answer? We move from IPv4 to IPv6 on June 6th 2012!
IPv6 (Internet Protocol version 6) is a version of the Internet Protocol (IP) intended to replace the old version IPv4, which is the protocol currently used to direct almost all of the worlds internet traffic today!

What does this mean?
We will now be able to expand the internet almost to infinity with IPv6.