Is Google Wave a real-time communication and Collaboration Tool?

Google waveGoogle Wave is a new tool for communication and collaboration on the web. It combines aspects of instant messaging, email, wikis, social networking, web chat and project management to create one elegant, in-browser communication client. With richly formatted text, videos, photos, maps and more, people can communicate and work together. You can reply anywhere in the message, add participants and edit the content at any point in the process. Participants on a wave, with live transmission as you type, can see edits, can have faster conversations and interact with extensions in real-time.

Google Wave has many innovative features, but there are only a few of the many features:

•    Real-time – You can see in most instances, what someone else is typing, character-by-character.

•    Applications and Extensions –
Like an iGoogle gadget or a Facebook application, developers can build their own applications within waves. They can be anything from bots to complex real-time games.

•    Embed ability – Google Waves can be embedded on any website or blog.

•    Wiki functionality – Within a Google Wave, anything written can be edited by anyone as all conversations within the platform are shared. Therefore, you can append information, correct information or add your own commentary within a developing conversation.

•    Playback – To see what was said, you can playback any part of the wave.

•    Open source – The Wave code will be open source, to adoption amongst developers and to foster innovation.

•    Drag-and-drop files sharing – No attachments of files are required; just drag your file and drop it inside Google Wave and anyone can have access.

•    Natural language – Google Wave can autocorrect your spelling, going close to see the difference between similar words such as “bean” and “been”. It can also auto-translate on-the-fly.

So, you can bring a group of business partners or friends together to share files or discuss how your day has been.

So, this is the reason why people are extremely excited.