The one flaw is lack of a persistent, multiple-line JS editor in the Console. I will boot FireBug just to use that.
Yes, in Chrome you can technically hit "Shift+Enter" anytime you want a line break, but you cannot tab. Regardless your script will disappear after you execute it. Yes, you can make what you just typed reappear by hitting the up arrow, but then it's again difficult to edit it. It also does not support undo/redo.
That'd a fantastic feature to have in Chrome.
Just give us a proper multiline editor with syntax highlighting, line numbers and all the rest already.