Last week Google announced that they were going to cease development of Wave and withdraw the site early next year.
It is a shame that they cannot just leave it to be, potentially building a ground swell of users. Every now and then I come across a place where it is useful so I will miss it when it is gone. In particular, it excels as a tool for collaborating on developing information that is not quite formal enough to make a shared document fit as a solution.
Never mind. At least the technology is open so perhaps others will pick up and run something similar.