Does Chrome OS Spell the End of Desktops?

Extremetech presents an interesting discussion on the possible effects of Chrome OS in hastening the end of desktops.

While there's still another year before Chrome OS is finally released, Google has made the code open source and available now. The OS has been designed for low-power computers (read: netbooks), using flash memory for super-fast boot-up times and running exclusively cloud-based apps. Thus it requires little local storage and minimal hardware - the perfect description for the portables that have increasingly become lighter, less inexpensive, and more appealing to end-users.

In fact, laptops have already outsold desktops starting last year, even before cloud computing started to take hold. But with Chrome OS and other recent innovations like Nvidia's RealityServer (cloud computing for 3D) becoming not only available but more efficient, could desktops finally become obsolete?

You can read the entire discussion here.