So (in plain English) this would essentially mean that there would be a Google 'browser' which would act like an O/S to enable you to run apps off the web, right? Similar to running a mail app through Yahoo. Is that correct?
But I heard Schmidt interviewed on CNBC from the Sun Valley conference this last week and I think where Google is going is wanting to be connected to the wave of very mobile customers with their mini devices that have access to the web.
Chrome is simply a way to supply that at very low cost.
So their business plan is to make money off of the advertising....not hardware or operating systems....that will give $MSF some real competition....