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The newly released Chrome for Android beta is a full port of the Chrome browser for desktop operating systems and is intended to eventually replace the built-in Android browser.
Like its desktop siblings, Chrome for Android is capable of rendering rich website content with very few compromises. And it's also extremely fast.
Chrome for Android is currently limited to devices which can run the Ice Cream Sandwich (4.0.x) version of the mobile OS. So that includes handsets such as the Galaxy Nexus as well as Android tablets such as the Motorola XOOM and the Asus Transformer Prime which have recently been upgraded to the new software.
While Chrome for Android is a complete port of the main browser engine from the desktop version, some features are missing, such as the ability to support Chrome Extensions, Chrome plugins (Flash) as well as Chrome Native Client, the Chrome Web Store and Password Sync.
However, as you can see from this screenshot of the CBS News website, most content renders exactly like their desktop counterparts.