The latest information about running Hadoop on the Google Cloud Platform can be found here: https://developers.google.com/hadoop/
There you can find Hadoop setup scripts that allow you to quickly spin up a Hadoop Cluster based on configuration details that you specify. The setup script includes the option to use Hadoop Distributed File System (HDFS) as the default file system or Google Cloud Storage - which provides additional functionality like automatic capacity scaling and persisting your data beyond the life of your Hadoop cluster.