I think it looks amazing, exactly what I would want from a netbook OS....
haven't watched this exact video (too lazy) but ... 7 second load up, constant uploading to the 'cloud', all in the browser I use as it is, easy opening of different file types, all apps web based, ability to plug in cameras / etc. and use easily, and everything so smooth and nice.
What more would you want when you're on the move.
I like the look of it, they seem to have sandwiched alot of good features from websites and stuffed them into an os. I am not going to drop everything and install it over osx, but lets face it, as long as it works windows should be ****ting themselves!
Chrome OS is literally no good for me as it wouldn't even be able to handle the most basic of my work requirements.
However for things like a smartbook which is basically a netbook running on a mobile phone cpu such as the 1GHz+ snapdragon (or the tegra equivelent) this could be ideal as they can have an 'always on' internet connection - the other option is a linux/windows ce/mobile os as windows x86/x64 will not run on arm cpu's.
There is one thing that I'm not keen on and that's the fact that ALL data is stored online which to me seems a little bit of a privacy issue, also you're kind of screwed if they ever decide to change to a charge for use system later down the line.
Until the web has high end graphics there's still going to be a need for things like games, 3d and graphics type programs. I can however see it moving onto the little boxes you stick under the tv for a media extender. You get a couple of people writing a decent all encompassing media layer for it and you can have a pretty lightweight os for them, especially when you consider the amount of browsers etc being added to things like the wii, ps3, tv's etc.
this has to be a dip in the ocean! We all know that this is the first step, there is no reason why they would design a mobile phone platform, then a netbook level OS if they didnt have eyes on the next level. It is just a matter of time! I can see glife happening pretty soon.
Got you covered on the games at least. OnLive is a high speed HD streaming videogames service that would enable you to play the likes of Bioshock or Crysis on even your gran's old computer. If you have a kick-ass internet connection.