http://googleblog.blogspot.com/2009/07/introducing-google-chrome-os.html
Basically a small Linux base with Chrome running on it to act as front end to Google apps in the cloud.
Google Chrome OS is a new project, separate from Android. Android was designed from the beginning to work across a variety of devices from phones to set-top boxes to netbooks. Google Chrome OS is being created for people who spend most of their time on the web, and is being designed to power computers ranging from small netbooks to full-size desktop systems.
-Rich

I am curious how nervous this is making Microsoft.
True. But how much paranoid should you be? Remember how Microsoft
freaked out about Netscape, because they thought Netscape would become
an OS? I supposed it could have been true, but it seemed a bit odd to
me at the time.
Jake Munson
Kuna, ID, USA
http://www.techfeed.net/blog/
http://www.cfquickdocs.com/
http://cfformprotect.riaforge.org/
In Sun Valley, no less …
http://www.idahostatesman.com/eyepiece/story/828659.html
Sent: Wednesday, July 08, 2009 3:25 PM
To: bs...@googlegroups.com
Subject: [BSDG] Re: Google Chrome OS
I can just see it now:
Gates, "Ha ha, that's very funny Eric!" Gates thinks to himself, "I
wish all these pesky reporters weren't always hovering around us. If
they weren't here, I'd strangle this guy..."
:-)
http://channel9.msdn.com/shows/History/Silverlight-3-and-Expression-3-Launch
-Video-well-sort-of-/
:-)
What? I have to install Silverlight to watch that? ;)