google_wave_logoGoogle Wave is a new tool for communication and collaboration on the web.

Google Wave is a combination of Gmail and Google Docs into an interesting free-form workspace that could be used to write collaborative documents, plan events, play games or discuss a very recent news.

The Google Wave site is now up and running, although access to the application will be restricted.

Google Wave has been designed by the founders of Where 2 Tech, a start-up acquired by Google to create a cutting-edge mapping service, which later became Google Maps.

A “wave” is equal parts conversation and document, where people can communicate and work together with richly formatted text, photos, videos, maps, and more.

In Google Wave you create a wave and add people. Everyone on your wave can use formatted text, photos, gadgets, and feeds from different sources on the web. They can add a reply or edit the wave directly.

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Google Wave is just good for quick messages as for persistent content — it allows for both collaboration and communication. You can also use “playback” to rewind the wave to see how it evolved.

If you want to publish a wave to a blog you can do so using tool called “Bloggy” – Bloggy allows you to publish the entire wave, which can itself be updated like a normal wave.

When Google Wave will be launched? Simple answer is NO IDEA.