First of all, before you even watch the video you should go to the Google Wave home page and request access. You’re going to have to wait in line, but like all other Google stuff, you know you’re gonna want it.
According to Google:
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.
Now, I want you to watch the following video, and then think about the fact that this is free open-source software that Google will be releasing soon. If your business isn’t among the first to adopt this, you are going to be left behind – big time!