From the license:
You agree that you will not, and will not allow any third party
to, (i) copy, sell, license, distribute, transfer,
modify, adapt, translate, prepare derivative works
from, decompile, reverse engineer, disassemble or
otherwise attempt to derive source code from the
Software, unless otherwise permitted, blah, blah ,blah...
So, "unless otherwise permitted" means that we would have to get special permission from Google to redistribute.
Or atleast, that is the way that I see it.