So, in the keynote, Rob underlines again that there'll be no generics. Ever. Path to getting generics thus becomes: 1. A preprocessor that eats ggo (generic go) files and emits go. This is is like the original C++ which translated to C for compilation. 2. Someone integrates ggo into go to speed it all up.
In one of the talks (I believe Q/A), he said "Go does have generics, they are called interfaces".
(If you don't believe me, note that not everything in Java is actually an Object - since there are multiple typekinds[0], that means that not every type can be used where Java expects to see an Object). That is part of the reason for the mess surrounding the so-called wrapper types like Integer (which are themselves neither objects (wrappers are passed by value, not reference) nor primitives (they are in most[1] cases unboxed to primitives, but are not themselves the same things as primitives).
Aside from the fact that Java didn't add generics until 1.5 (if I remember correctly), which certainly didn't stop its popularity, it cannot be emphasized enough that the need for generics is dramatically reduced if one actually understands how to use interfaces idiomatically in Go and understands how they are different from "interfaces" in Java or other languages[2].
While I occasionally run into a situation in which Java-like generics would make things marginally easier, they're few and far between; interfaces bridge far more of the difference than non-Go programmers often realize. And has has been explained to death already (both at Gophercon and on the mailing list) - generics are not out of the question for a hypothetical Go 2, but there are going to be no more changes to the language syntax for Go 1.
[0] I counted either 5 or 6 at one point when I was using Java heavily in university, but that was several years ago so don't quote me on that exact number.
[1] emphasis on "most" - there are some very "fun" edge cases that you can find here!
[2] I'm reminded of how Haskell has both "class" and "return" as keywords that have nothing to do with their Java counterparts - I think Go's "interface" is along the same lines - it's the same identifier/term, but a very different meaning.