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The French Issue
Extensions are sticky for power users. Firefox currently has a large market share because power users have pitched it to their friends. I took the step of brutally installing it for people who used IE :-)
So if power users stay with Firefox, the masses probably won't go for Chrome.
If Google comes up with a way to write extensions, and developers flock to write them, then they will probably win the market.
That said, a lot think Chrome is focusing on embedded with the list of features they have introduced. If this is the case, then extensions is not on their minds. Only time will tell.