The Google Chrome OS devices will be powered by an NVIDIA Tegra chipset with an ARM processor which uses less power and gives better performance than current Intel Atom chipsets. The Tegra chipset is also what powers Microsoft's Zune HD.
Google Chrome OS, which was announced back in July had been the center of some rather wild speculation until finally Google unveiled the OS and made the bitter sweet announcement that Chrome OS would not be released by Google as an installable operating system for current netbooks but would be a device in itself. The Google Chrome OS netbook were meant to be used a companion devices, not intended to replace current computers but to be seen as more of a browser-on-the-go.
For more detail on Google Chrome OS Netbook log on to http://www.thinkdigit.com/Mobiles-PDAs/Google-Chrome-OS-Netbook-specs-leaked_3868.html