Will Google Chrome be able to run Facebook/Myspace apps and Video's?

Also, I was wondering if you will be able to download pictures, music, ETC on it, I was reading an article on this new OS and it sounds pretty legit, but I also saw its only for web browsing, so does that mean games on a website? just as New-Grounds? or Bubblebox???|||Google Chromium OS is based on Linux, meaning that you can do everything with it as you would be able to with Linux... which is basically everything, except play games which are created especially for Microsoft Windows.