ASUS unveiled Chrome OS based compact CPU unit that incorporates an Intel Celeron 2955U(basic model), or a Intel Core i3 or a Intel i7-4010U/4600U, up to 4GB RAM, and 16 GB SSD. It measures about 124 X 124 X 43 mm. ASUS will provide for some optional accessories like wireless keyboard and mouse. The device is priced at $ 179.
All the three model have Bluetooth 4.0, WiFi 802.11n, HDMI and Display port, four USB 3.0 ports, an audio jack, and SD card slots. The entry level modle will have only 2 GB of RAM. Lack of internal storage will compensated by providing customer with 100 GB of cloud space with Google Drive for 2 years. The Chromebook is fanless.
As with Chrome OS, it is best suited to run Web Applications. Though you can do many a things on the chrome based system.