Let me tell you something, going in by order:
1. Install Chrome on PC "A"
2. Save a password for a website
3. Install Chrome on PC "B"
4. Try to load a password for the same website.
What happens is:
If YOU can get your password, GOOGLE can too!
They made the encryption/hashing/salting/whatever systems and they're completely able to get your passwords.
If this wasn't like so, you would be never able to load back your passwords on another PC, because Google didn't make the decryption system at all, in that case!
And, yes, I remember a Google employee who broke into a discussion between kids, and got slightly later fired.
So, guys, it's useless that you say "They cannot decrypt the password" because they do the encryption.
But they don't seem to be liking this password stealing idea.
I'm pretty good at leaving all of my passwords to google, because the bigger problem isn't where my passwords are stolen, but how.
This isn't the only way to steal a password.
If I recall, the passwords are being passed as base64, and it doesn't take much if you "filter" your network, to see the password being sent as a header for HTTP request.
HTTPS, it's different and I don't know how it works.