It is, according to lots of folks, from news outlets to redditors to forum commenters and more. Google seems to know it, too, addressing it on the Nest Blog with this statement:
Once the deal closes, we’ll incorporate Dropcam into how we do business at Nest. That includes how we handle everything from customer support to customer privacy. Like Nest customer data, Dropcam will come under Nest’s privacy policy, which explains that data won’t be shared with anyone (including Google) without a customer’s permission. Nest has a paid-for business model and ads are not part of our strategy. In acquiring Dropcam, we’ll apply that same policy to Dropcam too.
So, is a Google Dropcam opening your doors to the search enginge advertising giant to monitor your life? Or are these folks thinking it's "creepy" concerned over nothing?