At the on-going  Computex 2010 Expo, Google announced that Chrome OS would be released in  Fall (September) this year. 
Google's vice president of product  management, Sundar Pichai said, "We are working on bringing the device  later this fall." So now, we have a fixed time frame when Chrome OS will  finally be made available on notebooks and desktops.  It was in July  2009 that Google had announced  Linux kernel based Chrome OS for desktops and notebooks. This open  source operating system is based on Google's Chrome browser and is  designed to work seamlessly with web applications. 
Pichai added,  "It's something which we are very excited by ... We expect it to reach  millions of users on day one." Untill we come across and use a Chrome OS  based device, we cannot say whether Google will beat Microsoft or not.  Google Chrome OS would be available on notebooks and desktops from  partners like Acer, Asus, HP and Lenovo. Techtree

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