So I need at least about 10MBit up/down internet to use this OS normally, say Editing and Store HiDef original Images and Videos.????
You would not be editing high definition movies on Chrome OS. 95% of the internet/computer user population do not edit high definition anything -- or even edit at all -- on their computers either.
As a tech support rep seeing as how 95% of my customers only use Internet Explorer/Firefox on their computer and occasionally maybe Microsoft Word, I would say if Google provides a better document editing experience than the current Google Apps, they would have a computer that is easily suitable for a mass market.
It would never be a 100% replacement for a full OS if you are a power user (though it definitely would do for a secondary machine as intended), but for at last half the population (not underestimating here) it could very well do as a full time OS.
People really need to stop assuming that just because they are techies and like to use advanced programs on their computers that the mass population has the same or similar needs. They don't.
Just because a world renowned concert pianist would find a Casio 61-key electronic keyboard USELESS for his work/daily needs does not mean that hobbyists who spend an hour or two playing a few of their favorite songs would too. Same concept applies here too. People saying this is useless are the proverbial concert pianists thinking their needs represent the needs of the world at large.
The best part is its easy, you turn the computer on and type the website you want to go to. It would also eliminate tech support headaches as I imagine not having any extended functionality also means there are less security holes to exploit.
And if something does go wrong you can probably press a RESTORE button that wipes it clean and reinstalls within 5 minutes. This could potentially be a
JOB KILLER for places like the Geek Squad.
You would also not lose any of your data because it's all in the cloud. So all your favorites, e-mails, pictures, and music that you access through the net would all still be there.
GENIUS.
This certainly wouldn't replace a full blown computer, and would definitely be aimed at the lower end market, so it doesn't take away from Apple sales. I think if this becomes massively available I will definitely buy a netbook or even all in one PC (if they ship it on them) like this for my parents.