Has Atlantis been found?

A strange rectangular feature, which some are referring to as a grid of streets, has been found using Google Ocean. The service, which maps out the ocean floor using sensor data obtained by ships, is available on Google Earth 5.0.

Many are wondering whether this could be the fabled city of Atlantis. It sounds suspicious but I've had a look at the image showing the rectangular grid and its dimentions appear too perfect to have been created by some random even on the ocean floor. This is really exciting and I do hope that its not a hoax.

It should be noted that Google are rejecting claims that this could be Atlantis and are saying instead that it is the result of a glitch in their sensor data.