Which anti-virus software are you using? Anti-viruses seem to interfere with Chrome's operations sometimes. Try adding it to the trusted list in your anti-virus. Also add it to Windows Firewall exception and then report back.
i faced same problem on my 2nd system running XP. when you open it shows connecting only but never connects but open a new tab & try search something, it doesn't searches. its like being static.
@SunnyChahal
i use avast + comodo firewall. i added chrome to trusted file list of comodo but still the prob is there. i also added google chrome to "allow a programme through windows firewall".
ti added chrome to trusted file list of comodo but still the prob is there. i also added google chrome to "allow a programme through windows firewall".
arre problem is not with firewall. if you turn PC on while Chrome was running (illegal shutdown) theres chance you'll end up with a bad Chrome.