To be honest.... It looks absolutely terrible I expected a lot more innovation out of Google since they only make EVERYTHING... I currently have Ubuntu Netbook Remix running on my Netbook and I know it's much better than what Chrome will be
Don't get me wrong I love Google and what not I use Google Chrome as my Browser but Chrome OS is basically you boot into it then your on a webpage.... There's no applications that you can download they just expect everyone to use everything Google has to offer such as docs and Gmail... It doesn't work that way though..
It's a cloud OS. The whole purpose of the OS is directly aimed at people who do pretty much everything on the internet. It's made strictly for internet usage while using web apps to simulate common, every day features of a normal user just in case they need more than the internet.
It's an amazing concept for Netbooks and that's it because Netbooks are strictly designed for web browsing, anything more is simply moving outside the boundaries.
It's an over glorified web browser yes, but it boots in seconds flat and because its cloud-based, works pretty much on any computer that gives you access to said apps.
And its not even like you HAVE to use googles web apps.