According to an article on Giz, this is a rendition of what could be Google's new open-sourced desktop browser. The people I have seen use it say it rivals Firefox 3 in speed and features.
Giz reports "..predict a Google Browser soon, maybe as soon as tomorrow, that is open sourced, with an intelligent "omni" search/address bar, a multithreaded javascript engine called v8, and tabs on the top of windows." [Gizmodo]
I am under the impression that this might have a counterpart in the works for Android. It would be sweet if they did a desktop app as well though.
