Oh Dear...
"Google Chrome - T&Cs" says:
By submitting, posting or displaying the content you give Google a perpetual, irrevocable, worldwide, royalty-free, and non-exclusive license to reproduce, adapt, modify, translate, publish, publicly perform, publicly display and distribute any Content which you submit, post or display on or through, the Services.
"random blog post - can't find link" says:
In other words, by posting anything (via Chrome) to your blog(s), any forum, video site, myspace, itunes, or any other site that might happen to be supporting you, Google can use your work without paying you a dime. They can go and edit it all they want. Even further, you're claiming that you have the power to grant these rights. So no one who works for Conde Nast (Wired, Arstechnica), TechCrunch, Gawker, any of the other big web publishers, or a university where the employee is performing research can agree to the Chrome ToS because they most likely don't have the right to give a license to the intellectual property (IP) they produce.
Most likely your employee or student agreement requires that your employer/university exclusively owns all IP that you make during your time there. Many employment contracts require that the employee signs away exclusive rights to all IP they create during work hours and anything created off hours related to their employer's business. Students get their credit because the university typically gets copyrights to any writings and exclusive patent rights to any research and inventions. This means that many content creators (news writers, song writers, artists, copy editors, musicians, students) cannot legally agree to these ToS because they'd be in breach of their employment/student contracts.
Further, you probably can't use your company or school email with Chrome, because your company probably exclusively owns your email, and you can't give away a license to something you don't own. You also can't make representations to Google that you have the power to license this IP if you don't.
Wonder if they will revise the T&Cs when it moves out of Beta??? Time to start the only valid form of protest... a "Google: Give me back my blog posts!" facebook group.