Google Wave is a product that helps users communicate and collaborate on the web. A "wave" is equal parts conversation and document, where users can almost instantly communicate and work together with richly formatted text, photos, videos, maps, and more. Google Wave is also a platform with a rich set of open APIs that allow developers to embed waves in other web services and to build extensions that work inside waves.
Some Awesome features on Google Wave
Concurrency control technology lets all people on a wave edit rich media at the same time.
Server-based models provide contextual suggestions and spelling correction. (this one is really good. Check it out in the video.)
Embed waves in other sites or add live social gadgets, thanks to Google Wave APIs.
This is the interface on the Google Wave. Looks neat.
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Don't forget to check out the video and enroll yourself for the Google Wave here.
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