Chrome OS Beta channel has been updated to R12 release 0.12.433.48

Chrome OS is an open-source project that aims to build an operating system that provides a fast, simple, and more secure computing experience for people who spend most of their time on the web.

Google has been updated Chrome OS Beta channel to R12 release 0.12.433.48 including Chrome 12.0.742.60 Beta, new flash player and several stability and functional improvements over the previous release.

What's new in Chrome OS Beta R12 release 0.12.433.48
In addition to all Chrome 12 new features, there are several improvements in Chrome OS Beta R12 release 0.12.433.48 including:

• A fix for [Bug 13269] Chat window refuses to open, even if contacts list will.
• Flash 10.2.158.22.
• File Manager context menu.
• Update default avatars and guest icon

Note: No new known issues.

You can find a full list of fixes in ChromeOS R12 in the chromium-os bug tracker.

Source: Chrome OS Beta Channel Update