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Wave is a distributed, near-real-time, rich collaboration platform that allows users to work together in new and exciting ways. Wave allows for flexible modes of communication, blending chat, email and collaborative document editing in to one seamless environment. Wave provides a lively and responsive environment that promotes more ..

Apache Wave is a software framework for real-time collaborative editing online. Google Inc. originally developed it as Google Wave.[1] It was announced at the Google I/O conference on May 27, 2009.[2] [3] Google Wave is a web-based computing platform and communications protocol designed to merge key features of communications media such as email, instant messaging, wikis, and social networking.[4] Communications using the system can be synchronous or asynchronous. Software extensions provide contextual spelling and grammar checking, automated language translation,[3] and other features.[5]

Apache Wave is a software framework for real-time collaborative editing online. Google Inc. originally developed it as Google Wave.[1] It was announced at the Google I/O conference on May 27, 2009.[2] [3] Google Wave is a web-based computing platform and communications protocol designed to merge key features of communications media such as email, instant messaging, wikis, and social networking.[4] Communications using the system can be synchronous or asynchronous. Software extensions provide contextual spelling and grammar checking, automated language translation,[3] and other features.[5]

Scoble rips into Wave, again. 

Rizzoma is an alternative solution! Collaboration platform with essential Google Wave functionality, simplified User Interaction Design and email integration. Save your waves with Walkaround. Import them into Rizzoma. Give it a new live. We will release the beta version in first part of January.

Very nice overview of the Google Wave base functionality. Pretty entertaining to boot.