OK, here's john's patch plus my sync stuff.

ui/views/widget/widget.cc

 // Copyright (c) 2012 The Chromium Authors. All rights reserved.
 // Use of this source code is governed by a BSD-style license that can be
 // found in the LICENSE file.
 
 #include "ui/views/widget/widget.h"
 
 #include "base/debug/trace_event.h"
 #include "base/logging.h"
 #include "base/message_loop.h"
 #include "base/utf_string_conversions.h"
@@ skipping 1336 matching lines @@
 void Widget::SetInitialBounds(const gfx::Rect& bounds) {
   if (!non_client_view_)
     return;
 
   gfx::Rect saved_bounds;
   if (GetSavedWindowPlacement(&saved_bounds, &saved_show_state_)) {
     if (saved_show_state_ == ui::SHOW_STATE_MAXIMIZED) {
       // If we're going to maximize, wait until Show is invoked to set the
       // bounds. That way we avoid a noticeable resize.
       initial_restored_bounds_ = saved_bounds;
-    } else {
+    } else if (!saved_bounds.IsEmpty()) {
+      // If the saved bounds are valid, use them.
       SetBounds(saved_bounds);
     }
   } else {
     if (bounds.IsEmpty()) {
       // No initial bounds supplied, so size the window to its content and
       // center over its parent.
       native_widget_->CenterWindow(non_client_view_->GetPreferredSize());
     } else {
       // Use the supplied initial bounds.
       SetBoundsConstrained(bounds);
@@ skipping 53 matching lines @@
 
 ////////////////////////////////////////////////////////////////////////////////
 // internal::NativeWidgetPrivate, NativeWidget implementation:
 
 internal::NativeWidgetPrivate* NativeWidgetPrivate::AsNativeWidgetPrivate() {
   return this;
 }
 
 }  // namespace internal
 }  // namespace views