It would be great to have Google Analytics as an option – would give us an effective way to tie usage stats with our other sites already using it. If you have a standalone blog I think the WordPress stats are fine, but a simple tie-in to larger websites already relying on GA would help many of us.
I like google analytics simply for the fact that I enjoy being able to see what areas of the world people are coming from, and how many of these people are returning vs. new. The lack of analytics capability is forcing me to seriously consider leaving WordPress and moving to Blogger.
Please, please, please! add google analytics to be supported on wordpress. Some of the data offer in GA is invaluable. It really helps to learn more about your target audience and the demographics of your viewers.
Short answer: Until Google changes their TOS, it isn’t possible to have it here for each blog.
I’m going to back off the above statement as a search seems to indicate that it is possible to have multiple accounts on one site. I remember hearing in the past that this was not the case. It does appear that it is complex.