So, we recently had a bunch of articles coming out on "the fundamental insecurity of USB" [1]. How does that jive with a USB-based security key? Can't this be "flashed" like any other USB device? [1]: https://www.schneier.com/blog/archives/2014/07/the_fundament...
The devices that Google is referring to should be inherently safe. If you don't trust the supplier of these devices then yes, that's an issue. But, in theory, you receive these from a trusted source. As long as the device doesn't leave your possession, you're ok.
Edit: I should add that I didn't quite summarize the vulnerability correctly. If you plug a trusted USB device into an untrusted computer, you also have the potential for attack. If the USB device can be made writable, the computer can infect the USB device, propagating malware forward. I _assume_ that these security keys are made read-only before they leave factory, but vulnerabilities can be found in the darnedest of places!