Google Analytics capacity of Only 234,725 accounts

According to the Google Analytics page, they have temporarily disallowed people from signing up. They also removed the "Add new profile" link from inside analytics, which previously allowed a single account to track up to 40 different Web sites.

With 234,725 Analytics accounts created (and probably over 200,000 additional profiles), Google has went from tracking zero to almost half a million in about a week.

This is a huge amount of data to process. Anybody who has tried Web Trends knows the processing power Google will need to get all these accounts caught up. Unfortunately, this delay users have been experiencing since it's launch is giving this product a bad reputation.
We believe an "invitation only" approach, similar to GMail, would have made much more sense.