Summary in my own terms : Google Wave is an online collaboration media. Actually, its like a conference chat application, the only difference is that “chats” are now called “waves” and can also have videos,docs,pics,gadgets, etc.. and of course, google wave has the most interactive web-based platform I’ve ever seen. You can have real time multimedia conferencing using wave, where others will see/hear exactly the same thing as you. Well to be frank, I don’t find something very new in google wave, because other applications do exists for the same purpose (though not web-based, and some are not even free like Cisco’s). Anyways, wave is still under development and I only hope more features are added to it with time.
By the way, I have 8 invites of Wave, anyone wants ??? 🙂