A lot of new details were forthcoming, which have have been well-covered by others. The questions on everyone's mind: is Chrome OS the real deal? Where does it fit in? How will it impact the OS market. My answers: it isn't, nowhere, it won't. Here are 12 reasons why Chrome OS is going to fail.

1. The web matters, but so does the desktop. With Chrome OS, Google is betting that desktop apps don't matter to the average consumer. Is that a good bet? Probably not. While there's no doubt that you can do a lot on the web today, but that doesn't mean the desktop is dead. From accounting programs (e.g. Quickbooks) to P2P software (e.g. Limewire) to the desktop software that comes bundled with devices like digital cameras, there are plenty of desktop applications that average consumers still use, or might want to use.
2. Less isn't more. Even if 95% of what you do is on the web and Chrome OS seems like a viable choice, why buy a machine that can do less than the machine you have today? Unless the machines packing Chrome OS are significantly cheaper, the average consumers is not going to pay approximately the same amount of money for less functionality and flexibility.
3. Google's focus on netbooks is short-sighted. Netbooks may not be dying, but the ultrathin is fast becoming the new netbook. Some low-end ultrathins sporting more powerful ultra-low voltage (ULV) CPUs from Intel and AMD cost as much as high-end netbooks with much less powerful processors. The question for a consumer is why you'd want to run an OS clearly designed for yesterday's netbooks on your new, more powerful ultrathin. The obvious answer: you don't.
4. Consumers are comfortable with Windows. Love it or hate it, Windows is in a long-term relationship with consumers. Getting them to cozy up to a different kind of OS is a huge marketing challenge. As is getting them to keep their Chrome OS machine once they realize that it's a Chrome OS machine. As an example, consider MSI, which has in the past attributed the high return rates for some of its netbooks to the fact that they were running Linux:

   "Our internal research has shown that the return of netbooks is higher than regular notebooks, but the main cause of that is Linux. People would love to pay $299 or $399 but they don’t know what they get until they open the box. They start playing around with Linux and start realizing that it’s not what they are used to. They don’t want to spend time to learn it so they bring it back to the store. The return rate is at least four times higher for Linux netbooks than Windows XP netbooks."

5. Windows 7 rocks. Microsoft's new OS has received a lot of positive press, and as someone who is running it on a new ultrathin ULV laptop, I can say that it's a very decent OS and is much, much faster than Vista. In fact, if I owned an underpowered netbook I suspect I still might be able to get away with running Windows 7 on it. As a fun comparison, consider that (according to Net Applications) Windows 7 has already achieved greater marketshare in the OS market since mid-September than the Chrome browser has achieved in the browser market since December 2008. Yet Google has promoted the Chrome browser on some of the most trafficked properties in the world, including on its homepage. That shows the significant mountain Google faces in penetrating the OS market.
6. Google doesn't have a monopoly on web apps. Chrome OS is a viable option if you can use web apps exclusively. But so is Windows, Mac OS X, Linux or any other operating system that runs a web browser. After all, you can run web apps -- including Google's -- in just about every modern browser. In other words, when you get right down to it Google isn't really offering you anything that you don't already have.
7. Support? What support? If you're an average consumer and something goes wrong with your Chrome OS netbook, who are you going to call? Certainly not Google. And without massive usage, it's hard to see local computer techs (or services like the Geek Squad) jumping over themselves to support Chrome OS users.
8. HTML5 isn't here. Google's belief in web apps is inherently based on its belief in HTML5. There's only one problem: HTML5 isn't here and it will almost certainly be years before developers really start looking at it seriously.

I guess when there’s a lot of anticipation on something, sometimes things might get faster.We’ve talked before about Google Chrome OS announcement, and we’ve also said that users might get hands on it in the second half of 2010. But now, a Chinese netbooks manufacturer seems that is planning to release netbooks with a previous version of Chrome later this month.

Shanzai is announcing that the devices with the Loongson-CPU will have Google Chrome OS installed, and released by Lemote hardware manufacturer (though these could only be rumors)