I'd suggest applying again one day in the future if you're still interested.
There might be other reasons unrelated to yourself as to why the panel decided against you - a cutback in hiring quotas for the short-term, perhaps.
There are a lot of anecdotes online of people getting in on the 2nd or 3rd try, I don't think anyone there views re-applying after a period of time as a bad thing - or your rejection as a permanent sign.
Even Steve Yegge didn't get hired on his first attempt.
See my response to the previous comment. Not to be cocky - but I think I know enough Google employees now that I probably could find a position there. However, I don't in any way want to work there right now.
There might be other reasons unrelated to yourself as to why the panel decided against you - a cutback in hiring quotas for the short-term, perhaps.
There are a lot of anecdotes online of people getting in on the 2nd or 3rd try, I don't think anyone there views re-applying after a period of time as a bad thing - or your rejection as a permanent sign.
Even Steve Yegge didn't get hired on his first attempt.