Excerpt from a Michael Arrington interview
MA: What about Chrome OS vs. Android?
MM: I think we haven’t really decided. We see a lot of promise in Chrome OS. We’re looking at it to be on notebooks right now. It’s not even netbooks anymore. And Android is going to tablets right now. But the form factor for either could work for the other. Like Google TV is built on top of Android. And the developer community is helping on both.