Google asked for a transcript when I interviewed (late 2008, about 3 years out of school). I told them I could get them one, but it would take 2 weeks and my other offer was getting antsy. That was the last I heard of it. My offer letter arrived about a week later.

Very often, things that are hard & fast requirements aren't actually. According to the media, Google was in a hiring freeze when I was hired and wasn't hiring anyone. According to the blogosphere, they only hire people with 3.7+ GPAs, yet I had a 3.0.