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Google Wave Is: A browser based application that brings together Email, Instant Messaging and Documents allowing to to reply to email type messages in IM style – and IM type messages email style (twitter-esqe). You can also see each others changes as they happen, plus bring in photos, video, maps and more. A thread of conversation is called a WAVE.

Here what Googles  Lars Rasmussen had to say: “We think of email as a successful open protocol, But we think that with the advances in computers and all the experiences that have been made with different types of communication, can do better. Google Wave is our suggestion.” So heres Google comparing it to Email, other have compared it to Sharepoint. Personally… I like keep email at arms length so I dont see myself substiuting email for this more collaboarative version. Mostly I just dont need to collaboarate! I see Google Wave, for now, as a real time conferencing/ collaborative work platform. That not to put it down! I dont use Google maps every day but its still useful as hell. And I probaby wont use Google Wave every day but it probably will given the number of people with Google accounts these days.

If you ask me, whats really happening is that Google are lining up to take on Facebook. If you think about it GW has all the bits in place to turn on a stomping social network.