Looks fuzzy.
If you copy a paragraph and paste it into TextEdit you can see the same text still in Georgia 13 without broken rendering.
You can use the assistive zoom to see clearly what is going on. (Hold control and "two finger up" on the trackpad, or scroll wheel up if you are that sort.) The color fringe at the edges of the zoomed letters is the subpixel rendering.
Antialiasing is still on. The pixels go through shades of gray at the edges, it is just the subpixel that is off.
EDIT: bug here http://code.google.com/p/chromium/issues/detail?id=46790