There's still stuff I miss about firebug, but overall the chrome web tools are a gigantic improvement in speed, reliability, and functionality. Firebug feels like a dinosaur in comparison.
Capturing the web developer mindshare is actually a huge win for Google, because it means the quality of web apps is going to be highest for Chrome end-users, with subtle but visible bugs in other browsers due to the simple fact that developers will spend less time in these browsers.