Google Wave... Any Feedback?

Wave has hit the streets (in limited form), and I'm starting to see
some reviews coming in. I've watched the demo videos, and I'm waiting
patiently for my invite, but I want to know if anyone has some real
examples of Wave being *used*. I'm starting to wonder if perhaps it's
more hype than substance. Not to say it doesn't work... but is is
useful? If you have comments, let me know.

We are in the process of developing social media tools for a couple of
projects, and I'm thinking about how this could integrate.

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