FINALLY! About a month ago, I applied to receive a Google Wave preview account after watching Google's nearly 90 minute spiel of its new, open sourced, online software in development. As per Google,
Even though I only have a preview account, the software still allows me to fiddle around with most of the basic perks of using waves instead of emails. The first time I saw Google Wave I thought it was Email 2.0. Wrong. If anything, a wave is absolutely not an email, at least, not necessarily. Like Gmail, it records conversations, one after another. Unlike Gmail, these messages can be edited at any time as well as add text, pictures or video to any part of the message. For example, say you're "waving" about a group project and you're brainstorming how to attack your topics; "wavers" (Google Wave users) can add onto other's messages similar to Facebook's Comment feature instantly. So instead of replying and forwarding an email back and forth to different people, creating different versions of it, Google Wave is one, live host of messages where you can add people to access it. Since it's currently in preview, you only get to forward 8 invites and the functionality is still rocky but it's awesome - updates to come once I play around with it more.
A wave is equal parts conversation and document. People can communicate and work together with richly formatted text, photos, videos, maps, and more.
A wave is shared. Any participant can reply anywhere in the message, edit the content and add participants at any point in the process. Then playback lets anyone rewind the wave to see who said what and when.
A wave is live. With live transmission as you type, participants on a wave can have faster conversations, see edits and interact with extensions in real-time.
Below is the Google I/O Demo Presentation of Google Wave:
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