Gawd.
How many stories between now and he middle of next year will we see about this vaporware?
Kind of reminds me about Lindows. The linux distro that was going to slay the giant because walmart was going to carry computers that had them until whoops the computers they were on sold at a rate similar to molasses moving in winter.
It reminds me of the "network computer" that Sun promoted about a decade ago. It went nowhere. Eric Schmidt comes from Sun, and so maybe the dream is still dancing in his head.
And then there was Netscape 15 years ago. The browser was going to be the desktop, and Netscape would own it. It didn't quite happen that way.
The problem is the network. It needs to be constantly available and as fast as a local hard disk. Good luck.