By Nilay Patel posted May 21st 2010 5:56PM

Google made some waves yesterday when it announced the new Google TV platform, backed by major players like Sony, Logitech, Intel, Dish Network, and Best Buy. Built on Android and featuring the Chrome browser with a full version of Flash Player 10.1, Google TV is supposed to bring “the web to your TV and your TV to the web,” in Google’s words. It’s a lofty goal that many have failed to accomplish, but Google certainly has the money and muscle to pull it off. But hold up: what is Google TV, exactly, and why do all these companies think it’s going to revolutionize the way we watch TV? Let’s take a quick walk through the platform and see what’s what.

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