
This can only be bad news for Mozilla, since they make most of their money from their relationship with Google, who now competes with them!
On the other hand, I think this is great news for web users as Google's investment should serve to hasten advancement of browser and web standards.
Windows only for now, Mac and Linux versions should be forthcoming.
UPDATE: If you're technically inclined, this cool toon tells you a lot more about what Google is trying to do and what's different.
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