Google's release of Chrome has been received with mixed reviews, some praising the search giants attempt and others pointing out obvious flaws. The security issues aside, it is beta software and some leeway must be given to Google because of this. One area where there isn't any wiggle room, though, is the EULA. A particular section of it has caused many in the community to protest against Chrome, as it seems that Google is claiming default ownership of anything you submit into the browser. This could include your own pictures you upload to sites, written works, et cetera.
That was apparently not Google's intent, and the claim itself would have been ridiculous. Google realized what had occurred and claims the license was solely the stock option they use on other services, picked for simplicity. As a result they will be revising that section of the license for Chrome. The retroactive change has already been applied, which has caused the phrasing of the license to change. The change is significant, now much friendlier, saying that any content you own remains yours.
This will certainly put the minds of those who were upset by the license wording at ease.