Will have Tegra 2 processor, and run Google Chrome not Android...
Google Chrome is an interesting choice. It was envisioned as the new OS for low-power netbooks to compete with Windows and popular Linux flavors, not mobile computing like phones and tablets. It won’t be able to leverage Android’s popularity, especially for relative ease of use and applications.
Prediction: Within 24 hours of release someone will have Android running on it and an image will be posted to the Internet for people to download and install. Within a couple of years, Chrome will be forgotten, any technologies rolled into Android.