Understand what you are buying. The Chromebook runs ChromeOS, not MS Windows. Chrome is based on Linux, and you won't be running Windows applications on it. The reason it only needs a 16GB drive is that it's assumed you will keep your data "on the cloud", meaning on Google's servers. Many of the applications also reside on the cloud and are pulled down when you need them. So for it to work well you need a reasonably fast internet connection.
With HDMI and USB 3.0 ports, I don't know why you couldn't stream movies off an external drive, but I don't know how easy Google has made this. Obviously they are going to make it easiest to store everything on the cloud, because that's how they expect to make a profit.
It looks like a great solution for someone who needs more than a tablet but doesn't want to spend a lot of money on a Windows laptop.
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Today's Featured Article - A Towny Goes Plowing - by Anthony West (UK). I live in an area renowned for its rural beauty. Small fields with hedgerows and trees are common place, as are small hamlets with village greens and the odd duck pond complete with swans. The center of any village once the shop is closed is the old tavern. Rustic places with cheerful names like "The Griffin" "Red Lion" or "The Plough and Harrow" are found dotted around the country lanes all over the place. The warm glow of yellowish light can be seen for quite some distance at dusk, and
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