Posted by Andrew.
There are strong differences between developer versions (not automatically upgraded, unless user has explicitly opted to subscribe to the dev channel) and beta versions (which were automatically upgraded prior to the release of version 1.0.154.36). See http://googlechromereleases.blogspot.com/ for more information on specific releases.
On January 08, 2009 Google introduced a new release channels system, whereby now there are three distinct release channels : Stable channel, Beta channel, and Developer preview channel. All previous Dev channel users are moved to Beta channel, the reason is that now the new Dev channel builds will be less stable and polished than what Dev channel users have been getting during Google Chrome's Beta. Now the stable channel will be updated with features and fixes once they have been thoroughly tested in the Beta channel, and the Beta channel will be updated roughly monthly with stable and complete features from the Dev channel.The Dev channel is where ideas get tested (and sometimes fail), and it can be very unstable at times.
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Article Source: http://en.wikipedia.org/wiki/Google_Chrome#Version_history
Google Chrome Version History