It's basically a system that boots to Chrome. So you can do everything you do in Chrome now ... plus the new apps they have in the app store. I've heard that some stuff is stored locally till it is uploaded to the "cloud". Also I would imagine that everything to and from Google is encrypted and I'm sure it's stored encrypted as well. It's really not any different then using gmail or gdocs ... or even chrome really.
I just did a little write up on my site ... but I <3 OSNN so here are some pics of my unboxing. My battery is still charging (directions say to give it a full charge before play) so I haven't used it yet. Once I get a chance to play with it some I'll come back and let you know what I think.
hmmm... I'm not sure how to create thumbnails quickly from my pics. I don't t think I can attach them as they are all 1+MB in size and I'm lazy (aka should be doing my school work). I guess I'll just plug my post and if someone wants to steal the pics and shrink/post them that would be great.