Via the Google Chrome Blog:
Even with its compact design, it’s packed with performance—it boots up in less than 10 seconds and resumes instantly. High-resolution videos (in 1080p) are beautiful to watch and when using the touchpad, you’ll notice smooth scrolling due to a hardware-accelerated user interface. And as you‘d expect from a Chromebook, it’s easy to share with others. Everyone—mom, dad, grandparents, tech lovers, tech haters—can have separate accounts where all of their stuff is kept safe. Finally, if you’re an active Google user of products like Gmail, Drive, Search, Maps, YouTube, Play or Google+ Hangouts, everything just works seamlessly.
The new Chromebook will sell for just $249. At that price, there is almost no risk in trying it out. It may not be a PC or a Mac, but at such a low price, who cares? This price will have a good number of MacBook Air and Ultrabook shoppers considering their options.
It also runs on a Samsung Exynos 5 Dual Processor, an ARM-based dual-core CPU. As I’ve mentioned before, I believe Apple will start using its own chips in Macs, based on the blazing-fast performance of the A6 chip they are using in the iPhone 5. If the new Chromebook can provide a high level of performance with this Samsung chip, my prediction will turn out true sooner than later.