C|net says: "Be sure to read Chrome's fine print" - which you should be doing all the time anyway. There are two things stick out in the terms of service in Chrome.
This one, while not stating directly they will throw Google-ads around wherever they please, doesn't exactly exclude the idea. Traditionally, ads on the web are served by the page you are visiting not the browser that you use. This paragraph seems to indicate that it'll change in the near future.....
"Some of the services are supported by advertising revenue and may display advertisements and promotions. These advertisements may be targeted to the content of information stored on the services, queries made through the services or other information.
The manner, mode and extent of advertising by Google on the services are subject to change without specific notice to you."
Then there's this - who owns what now? They're not saying that they will automagically gain the copyrigt of your stuff, but they are saying that they will have right to display some of your content, in conjunction with promoting its services. Come again?
"By submitting, posting or displaying the content you give Google a perpetual, irrevocable, worldwide, royalty-free, and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any content which you submit, post or display on or through, the services. This license is for the sole purpose of enabling Google to display, distribute and promote the services and may be revoked for certain services as defined in the additional terms of those services."
Hat tip to Claes Magnusson in my Jaiku-posse.