It seems as though Google has gone and decided to create a new means of organising and communicating in this crazy world we live in.
A "wave" is equal parts conversation and document, where people can communicate and work together with richly formatted text, photos, videos, maps, and more.
From what I can gather from the websites it appears as though Google Wave is a mish mash of email, instant messaging, document collaboration and it is all incorporated into a timeline. I think this could very well be the next big thing in communication, bending the rules and allowing for more effective communication and colaboration over the net.
Best of all they are going to release the code as open source! I love Google some days.
(I even named my dog Google)
(I even named my dog Google)