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(from Wikipedia)
Google Calendar, previously code-named CL2, is a contact and time-management Web application offered by Google. It allows users to synchronize their Gmail contacts with a Web-based calendar. It became available on April 13, 2006, and is currently in beta stages. While users are not required to have a Gmail account, they are required to have a free Google account to be able to use the software.
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Google calendar is the best free calendar service available, go for it.
Yahoo calendar shows the whole length of your tasks while google calendar truncates them, thus you don't get to read your tasks in a glance, this is especially true when you make "monthly" as you default view. Yahoo expend the day boxes accordingly to your length of message, super! For this reason alone, I stick with Yahoo calendar which integrated with my Yahoo Messenger real good.