During the Google Campfire event, the company has announced the launch of the all new Google Web Toolkit 2.0 that has been designed and developed to provide the applications developers with a platform to create faster applications and and accelerate their development process. The all new Web Toolkit 2.0 is being as hailed as a crucial release by Google because this new service has been developed after intense feedback derived from various Google services such as Google Wave, AdWords, and Orkut including third party services as well.

The most noticeable additions to the new Web Toolkit is the Speed Tracer, an all new feature that comes in the shape of Google Chrome extension and provides valuable data to the developers to further refine their applications, specifically those applications that are based on the AJAXy platform. The speed tracer works almost in real time, collecting performance statistics as the users goes through the various functions of an application.

Another feature added to the Google Web Toolkit 2.0 is the developer-guided code splitting, that provides the developers with the ability of splitting their applications into various parts, thereby increasing the start up times of the applications. This new tool works by identifying the codes related to the start up functions of an application and then only use the necessary codes to scale back the start up time of applications considerably.

Via Google Code Blog.