I see that I now have a grey elephant (instead of a green one) and a white elephant in a black circle on my chrome toolbar. Both of them bring up a place to enter a quick note and then both have icons along the bottom or top for screen capture, capture window and capture selection. If I choose capture selection I get the standard mac version of crosshairs and the coordinates of the crosshairs on the screen. In other words, I get a simple screenshot with no link to the web page. The web clipper description on the help page still refers to saving web pages, articles and pdfs.
I hope the old functionality will soon be restored.