Will be interesting to see what price this comes in at.
If they can get this significantly below $1000 it could be an absolute killer.
Edit: to expand on my comment a little. I thought the premise of Chrome OS was that except for specialized cases almost a "typical" user things could be moved to the cloud, eliminating the need for high powered machines and complex OSes that can fulfill various use cases, consequently the price drops dramatically. If Chrome OS is still limited to essentially web/cloud driven functionality what is the justification for the high price point?
The 13" Retina MacBook Pro starts at $1700. We'll have to see what the final specs and pricing are for the Pixel but it could be very compelling. A high-DPI display is really a killer feature.