I received my invite for Google Wave last Wednesday and have spent several days playing with it.
Its features can be read about elsewhere (I found this Lifehacker article particularly helpful). In short I’ll say revolutionizing Internet communication is a lofty goal–even for Google. That being said, I do see potential and look forward to checking it out more.
Mostly I’ve been stupefied by the attention it’s gotten–particularly by those who’ve used it as a new trendy topic to attach their spam to. Never have I seen so many people desperately littering their raw, uncloaked email address all over the Internet in hopes of some random person sending them one of their 8 “nominations” (technically, they’re not invites)–especially when that random person could try and sell it on eBay.
In less than a week Google Wave has been tremendously successful in its goal as a new communication medium.