I seriously doubt this out of the box. Besides, the kernel and libs are likely to be seriously stripped bare as they only have to service one incredibly predictable application.

You're better off getting a netbook (linux or windows) and sticking the latest Chrome on it. Of course, if you value convenience and you can live your life in the "cloud" then this is something that may appeal to you.

I'm sure someone will eventually jackhammer Ubuntu/Fedora/Suse/Slackware(?) on this machine, but I seriously doubt the hardware will be worth the trouble. Besides, knowing Acer, they will have a variant running a traditional OS.

Another interesting prospect is using the device as a thin-client for a beefier system on your home service. With a web-app with CLI capabilities, and web-apps for streaming, it may make a compelling solution even if you don't want to live in the cloud. I fully predict there will be projects around apache geared to this precise function.