Feels like a $200 laptop because it is a $200 laptop
Well, $279 MSRP, but can be found quite easily for $200 online.
The Chromebook Pixel however is the nicest hardware I've ever used in a laptop, but Chrome OS is hard to get past. Google has done wonders making it more operational offline, but it's still not much more than a paperweight unless you have fulltime connectivity, and that's something I for one simply don't have.
As much as things are going "cloud", these things simply aren't ideal for 95% of even the enthusiast/techie crowd.
Can install Linux variants on most of them, but the low end Chromebook's like the CB2 just don't have a hell of a lot of grunt to run a real OS, that Exynos CPU is a little anemic, sadly. I was quite happy with the Pixel once I got Ubuntu installed on it, but ultimately went back to my Mac laptop simply because there's some apps I can't run in Linux and I run Windows on all my Mac laptops.