I think it is a great move by Trulia and outsourcing the task of collecting and organizing this task to Google has some obviously benefits over doing it in-house. Collection/hosting costs are huge, but so are the potential legal headaches associated with being the original publisher of this information.
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This is only the second time I have seen StreetView used on a real estate website (the first on a national site). Trulia seems to be working hard to make a name for themselves, Zill-who?
No doubt Trulia has been doing a great job staking out a claim to a large swath of online real estate search.