Update 1: http://src.chromium.org/ Chrome OS source code.
Update 2: Google will talk about launch plans for Chrome OS at 10am Pacific. You can watch the webcast: http://bit.ly/sxgFT says Matt Cutts.
Google Chrome Operating System . GOOS
A version of the Chrome operating system will be available for public download within a week.
Google Chrome Operating System runs on Acer, Asus and Hewlett-Packard by second half of 2010.
Please keep me informed about the new Google OS.
"What my dad wants is to turn on computer and go online, watch movies, download photos from camera, maybe do IM"
As WeSam Abdallah said
"I’ve been a Windows developer for the past 12 years. The problem with Microsoft’s operating system (OS) is that Microsoft is stuck with a backward compatibility promise. Their mistakes in the windows NT era (COM, Registry, Windows APIs, Security, etc..) are still haunting them now, even in the new rebuffed and deployed Windows 7. Google can start with a new empty white board, they can use new architecture, new technologies and they have the resources to support a serious and committed OS production pipeline (unlike many other Linux branches). The fact that they are offering it for free (which is equal to a $200-$800 saving on a new PC) will play a big role in this let’s call it battle of operating systems (BOOS)."