Blogspot.com moved to Blogspot.in for Indian Blogs by Google, why?

There is a recent change in the domain name change based on the blogs that has been created and maintained by. Looks like Google has regionalized the blogspot domains and also seen that some of the .com domains redirects to .org as well. Is this change only to the Indian Blogs or to every one?

We are yet to know what kind of impact on this change and any page ranks would be changed etc.

And I read in some blogs that due this change there 'single page indexing, PR is dropped'. We are yet to how far this is true.

Guys please do check your blogs as well.

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