I see Google Wave not only a next generation collaboration suite, but it redefines our usage to Internet/Messaging/Blogging/Photography .....
Google Wave is beyond talk , I prefer that you watch this hour + video deomnstration
I do not deny it is technological breakthrough but in meanwhile it fosters Google online domination on our souls/data/friends/photos
I see Google is the next Microsoft same monopoly technique but as we all know Google guys are smarter and the era is different so, it is all Open Sourced in a way or another and APIs will be available to Community.
enough talk and watch the Video