Google posted a new blog post tonight about Chrome's Terms of Service (TOS). There has been a bit of an uproar over the original TOS because it almost appeared to users that Google wanted exclusive rights to whatever you used the browser for.

http://googleblog.blogspot.com/2008/09/making-terms-of-service-clearer.html

Matt Cutt's also has a blog post about Chrome's TOS and what it truly means:
http://www.mattcutts.com/blog/google-chrome-license-agreement/