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That said, it's "tied to its Chrome web browser"--and Chrome is possibly the worst thing Google have ever done.
like it'll just be another linux distro - the difference being that Google has a big name so may be able to make big inroads into the market and reinforce their share through Google Docs, etc. Although it appears to be a much more web-based thing than your normal OS - which makes me think it's their attempt to catch the netbook market. Sounds interesting, anyway.
if you ignore the personal privacy implications obvs it's a fairly robust if slightly memory hungry browser.