Google Chrome: Browser Battle

My expectations concerning Google Chrome launching were very high considering the fact that one of the outstanding features of Google is the feasibility of integration with other Google’s products. Blogger, Gmail, Google Analytics, Google docs, Adsense are part of my day to day application uses. However, from my point of view still features of Google chrome are not showing especial advantages from the integration point of view side. The browser current scenario working as a dumb terminal is one of the big flaws of the browser architecture. 

Considering that PCs and laptops have high processing resources and will continue evolving as Moore’s laws established, resources are not being effectively used. From this side, the industry of software applications will evolve into a richer client (browser) application with local processing to make a faster experience for end users. I’m sure Google’s engineers have these things in mind and in a few time we will experience that Google´s applications will run faster and better in google chrome that in the rest of browsers.  Is the client-server architecture back?