Google announced to release Chrome version 1.0 today saying “to take off the “beta” label” from its browser — a big jump from the latest version 0.4.x released just a week ago.

Like Mozilla’s Firefox, Chrome is an open source browser but it makes use of Apple’s WebKit HTML-rendering engine instead of Gecko renderer of Mozilla. Google’s Chrome also incorporates a brand new JavaScript virtual machine named V8 which, according to Google’s benchmarks, outperforms all other JavaScript engines in contemporary browsers.

In addition, Chrome has introduced some advanced features like “porn mode”, officially called Incognito privacy mode, to eliminate all users’ browsing history when activated and integrated search box in its address bar (of course for Google’s search only.)

However, the most mentioned innovation Chrome debuted is the ability to isolate individual tabs in separate processes that, in theory, if one of open tabs crashes, other tabs and browser itself will remain working.

On the other hand, the browser still has things backward like lack of support for RSS feeds and especially there is no add-on system like Firefox’s that makes it ineffective for those who use browser for more than its core functionality (i.e. for web surfing only.)

Users also report that the browser is not as stable as expected and it becomes a memory hog when more than a dozen of tabs opened.

Chrome browser is a Google’s product that leaves “Beta” mark surprisingly fast while many other are still released under Beta umbrella for years. That is much likely because Google is pursuing partnerships with major OEMs in a bid to get Chrome shipped on new computers — a strategy to neutralize the key advantage of Microsoft’s Internet Explorer being integrated into Windows operation system pre-installed in the majority of new PCs.

Chrome is currently available for Windows users only while versions for Mac OS X and Linux are still in development. Though there is no info about the developing progress of Linux’s version, internal source revealed that Mac’s version has almost reached haft of its goals passing 86 percent of WebKit layout tests already. It is believed that Linux and Mac versions will debut in the first half of next year.