Google Chrome - Your Profile could not be opened correctly ...

You might have encountered this issue.  Well I did too. Here is a solution I found and posted to the Google Discussion Thread on this same issue.
http://www.google.com/support/forum/p/Chrome/thread?tid=08e9aa36ad5159cb&start=40

So, here is what happened in my case.


I have been using Ubuntu Hardy 8.04 and Google Chrome 5.0.375.70
...

After facing similar problem, I tried as said above in the discussions and also at the Ubuntu Forums page mentioned here.

However, I could not make it solved, and the message saying 'Your profile could not be opened correctly' popped every time I restarted my browser.
....

So, I checked each single file, in the following order inside the directory ~/.config/google-chrome/Default
1) databases (dir)
2) Local Storage (file)
3) Web Data(file)

and on my third trial, I just found it working without the pop up.

Hence, according to my findings, its the 'Web Data' file which when removed I got the problem solved.
......................

Further,
I could not find my saved passwords restored still.

Any suggestions will be highly appreciated.