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Chrome, Google’s much-anticipated operating system, will be available on the market according to the latest buzz on the Internet. Chrome OS, which shares its name with Google’s web browser, was announced last July. The news from the blog TechCrunch cites from an “unnamed source” saying users will be able to download Chrome OS within a week.

It will sit on top of a Linux kernel and will use a new windowing system. It will also have limited driver support therefore Google will only approve installations on a limited number of computers –mostly netbooks – including a number of Eee PCs. The Web will be its application development platform and may become a serious contender to Windows 7 in the netbook computer space.

Previously, Google had fixed the release date stating “The first netbooks running Google Chrome OS will be available for consumers in the second half of 2010.”

However thrilling TechCrunch’s news may sound, this isn’t the first time a rumor like this has been started. Just a month ago, numerous sources in China claimed devices running preview builds of Chrome OS would be out in the market as early as November. This was then followed by a series of premature reports of the OS that all turned out to be false information.

Nevertheless, it will be exciting to see how well Chrome competes with Windows 7 and Snow Leopard from Apple only recently released to consumers. But if there is one thing to be learnt in the world of technology, it is to never leave Google out of the loop.

Just don’t get your hopes too high if you are looking forward to having Google’s Chrome OS on your notebook before the month’s end.