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Today's announcement of Google Chrome OS hit the news hard. Google is working on a new lightweight operating system built on top of the Linux kernel, that will run on x86 and ARM chips and initially be targeted at netbooks.
The key features of Chrome OS are speed, simplicity and security and there is a strong focus on Web based applications. Google plans to open source the underlying code later this year and expects netbooks running Chrome OS to be available in the 2nd half of 2010.