The Google netbook will engage chipset from Nvidia’s Tegra line and powered by ARM CPU instead of widely used Intel. ARM’s CPU performs better than Intel Atom with comparatively less power consumption.

Very obvious the netbooks will run on Chrome OS, which itself is reporting good reviews. This is Google netbook we are talking about so it will reportedly also come with preinstalled Google apps such as Google Map, Gmail, Google Docs, Google Calender and Google Search by Voice.

Rumored specs of Google netbook include a 10.1-inch TFT HD-ready multi-touch display. It is also reported in IBTimes that it would come with 64GB SSD and not those HDD.

Some other features includes a 2 GB RAM with Wi-Fi, 3G, Bluetooth, Ethernet Port, USB ports, webcam, 3.5 mm audio jack, multi card readers and much more.

To see the fully-fledged Google netbook we may have to wait for 2010 holiday season when it is expected that Google will launch the product.

So we talked about the humored specs and expected release date, now let’s have a look at the market rumor for this Google netbook’s price tag. Present market rumors says “the Google netbook will be subsidised (the device will reportedly sport a sub-$300 price tag) and sold directly to consumers by Google”.

Some also expects Google to sell the product as a rival to Nokia Booklet 3G. According to them, Google will tie up with one or more network operators in countries like US to sell the netbook as part of a bundled 3G plan.