As Google rep Tim Steele notes, this allows even complex web apps to run far more "quickly and responsively" than in previous versions of the browser.
"[Still], we realize that speed isn't just about pure brawn - it's also about saving time with simple interfaces," he explained.
"[As such], Chrome's new settings interface will help you get to the right settings quickly so you don't have to dig endlessly to find a way to import your bookmarks or change your browser's homepage."
As you can see in the video above, Google has added a search box that displays the settings you are looking for - as you type.
On top of that, you can copy and paste a direct link into Chrome's address bar to jump to a specific settings page.
The new Chrome update also allows users to save passwords in a Google-administered Cloud, meaning you can quickly log on to websites across various devices by simply synchronizing the relevant logins and passwords. As expected, you can encrypt those passwords with your own secret passphrase for extra security.
So, how does it work?
Well, to enable sync on each of your computers, simply visit the "Personal Stuff" section in Chrome's settings or just type "sync" in the settings search box. Of course, you can choose to sync bookmarks, extensions, preferences, themes and more.
Finally, Google has extended Chrome's sandboxing technology to the integrated Flash Player in Chrome.
If you're running Windows Vista or newer versions of Microsoft's OS, you'll benefit from the additional layer of protection against malicious webpages.
You can download the newest version of the browser at google.com/chrome.
Those already using Chrome will be automatically updated to this new version over the next few days.