Qualcomm Manager of Business Development at Qualcomm for Computing and Consumer Products, Mike Yin, is showing an impressive bunch of what they now call Smartbooks, ARM Cortex A8 based hardware accelerated netbooks runing full Android OS, Xandros ARM or some other Linux OS, launching and navigating in full web browsers, playing back full quality and bitrate videos.
Inventec is showing pretty smooth video playback on an ARM laptop using the Qualcomm Snapdragon ARM Cortex A8 processor.
Wistron is making a Sony looking ARM Snapdragon based laptop device running Red Flag linux.
The worlds first Android laptop that runs everything awesomely well already!
Asus has an Android and Qualcomm powered smartbook as well, though Asus is hiding it at this point.
Acer, HP, all Nvidia Tegra based laptops, Texas Instruments based devices and Freescale based devices, all are launching with Android support.
In this video you can see how fast the current implementation of a browser in an Android laptop loads pages, while they still have optimizations to do, and I think they should try to get a full Google Chrome running on these, with support for an unlimited amount of tabs (though no need for all tabs to be active and heavy in the RAM memory).