If you put Ubuntu on it, and install a SD card (to increase the storage), I hear it makes a pretty good laptop, although Ubuntu instead of Chrome supposedly does make feel a bit more sluggish. It's got a nice screen, good battery life, it's light and it's cheap. I've used one a bit and I was generally impressed with the built quality and the screen is very nice. Running Chrome it feels very smooth and very fast.. I wished the SD card would seat totally (it sticks out a bit) but I really didn't have many complaints.
But my concerns echo most everyone elses'. I like to use my laptop when I'm travelling and I don't always have an internet connection, I like to watch movies on it, upload my photos from the day, play the occassional game and I have my doubts how well it will do any of these three. But to surf the web, read and reply to emails (and Anandtech) I bet it works great. C