Google today announced officially the launch of the first Operating System by Google called “Google Chrome OS” and yes, its an Open Source Operating System. It is designed specially for the netbooks, as Google see an avalanche of netbooks coming into the market in the coming years. Google Chrome OS will be able to run on any x86 machine as well as the mobile AMR processor. Further Google said that the final version of the OS will be available in the market by the second half of year 2010. Google said that all the applications of Google Chrome OS will be web-based.