THAT'S NOT THE POINT.
Google doesn't want to have the world's best web browser. Google wants to make their online apps (Gmail, Google Docs, Google Calendar, etc.) feel like "real" applications running on your computer. To that end, Chrome is specifically optimized for fast execution of Javascript, which improves the performance of the aforementioned online apps. Also, Google Chrome will create "application shortcuts," which give you icons that launch a web page in a special window that lacks all the regular web browser borders.
In short, it looks just like the other applications you run on your computer. You know, Office? (Open or Microsoft, depending on your particular religion.)
I'm all in favor of Chrome. I love Firefox and Chrome isn't ready to be my default browser, at least not yet. However, I also appreciate Google's online apps and anything that makes them available and useful to a wider audience gets a thumbs up from me.
