What is a wave?
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.
In essence, Wave appears to be a virtual workstation. To me, this seems to be a further evolution in the growing trend towards ever-more-collaborative technologies. Apple has a similar idea built into their operating system, Leopard, where users can share a desktop. These ideas have the potential to really evolve the collaborative-media sphere that is quickly becoming the most interesting phenomenon the internet has to offer. More updates as they come along. For now, here's the video offered on the Wave page:
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