Google announced their upcoming open source OS, Google Chrome OS. Google says that the OS is being built upon a Linux kernal from the ground up with a focus on speed and security. The new OS will be optimized for users that spend a majority of their time online and will utilize a minimalist UI.

Google states that they are in contact with hardware partners and will be working with the open source community. The OS will run on x86 and ARM chips. Netbooks are expected with Google Chrome OS installed in the second half of 2010. 

Google plans on releasing the open source code later this year. 

Are you interested in Google's upcoming OS? Would you be in the market for a Google Chrome OS netbook next year? Drop your comments below.