Please read the article below from "googlesystem.blogspot.com" describing how this new google wave works. I am sure the public is expecting more about this new feature from the goole, lets this really works.

From googlesystem.blogspot.com

"Google Wave is a new communication service previewed today at Google I/O. "A wave is equal parts conversation and document, where people can communicate and work together with richly formatted text, photos, videos, maps, and more."

The service seems to combine Gmail and Google Docs into an interesting free-form workspace that could be used to write documents collaboratively, plan events, play games or discuss a recent news."

See video screen shots below.