Google Wave

Google Wave is a new tool for communication and collaboration on the web, coming later this year.Here’s the look of the new google wave.

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.
The new system(google wave)  is a combination of email and instant messaging and document-, maps- image- and video-sharing all housed in one spot.Much like a conference call, it also allows for conversations between more than two people to happen simultaneously. And it can happen in different languages using an instantaneous translation tool.And because it all takes place inside a web browser, there is no special software to download or plug-in – which means it can be used from any computer or internet-enabled mobile phone.
Here’s a live demo of how the google wave is going to be and the features of it.Iam really excited about the launch of the google wave after watching the demo and I hope most of you also would be after watching the demo below.
http://www.youtube.com/v/v_UyVmITiYQ

Some key technologies in Google Wave

Real-time collaboration:
Concurrency control technology lets all people on a wave edit rich media at the same time.
http://www.youtube.com/v/3ykZYKCK7AM
Natural language tools:
Server-based models provide contextual suggestions and spelling correction.
http://www.youtube.com/v/Sx3Fpw0XCXk 
Extending Google Wave:
Embed waves in other sites or add live social gadgets, thanks to Google Wave APIs.