If you're running on Windows XP GPU acceleration in Chrome has been "blacklisted" due to problems. You can re-enable it with the --ignore-gpu-blacklist command line flag.

http://code.google.com/p/chromium/issues/detail?id=72975

Works fine on the latest Chromium (12.0.718.0) nightly for me.

Fails for me on Chrome 12.0.712.0 dev (Linux).