It is mostly an Internet Device..
I would call it a back-up type computer.. The Good: It is perfect for surfing the web, checking email, watching youtube videos, etc.. It's great for traveling because it is so light, thin and fast. Everything, including most of the computer settings work though the Chrome Browser. It has 2 years free Google Cloud and 2 free years 100mb per month of 3g.. A good, larger than expected keyboard for a small computer..It has a nice solid feel to it..
The Bad: It is limited.. It's not for the power user.. Other than Google Apps, no software can be installed(.exe files won't install), No MS Office, etc., it will only print through Google Docs(Cloud Print). There are Apps for Spreadsheets, Docs, Word, but it's not MS.. So that might be confusing to some.
For the money, $239 for the Wifi only version. $329 for the Wifi and 3g version that I have it is a very nice machine for traveling, the student, the person who mostly surfs the Net..
For what I want, it's a good deal.