This looks interesting - just saw it on the Google Blogoscoped blog:
Google Chrome, Google's Browser Project
If true, it looks like a potentially very good development.
Though some of the commenters on the Blogoscoped post grumbled about it meaning more work for them - to need to test their apps against one more browser, overall, I think its likely to be a good thing for web users.
I won't write any more - will leave it for you to check out for yourself.
Vasudev Ram - Dancing Bison Enterprises