Barely one year after the announcement of Wave Google have decided to discontinue it’s development as a standalone product. Although there was a huge amount of hype behind it’s launch Google Wave was always plagued by the simplest of questions – what do I do with it ? The blog posting announcing it’s cancellation suggests that even Google themselves didn’t know what to do with it. The “future of email” is no more.
http://googleblog.blogspot.com/2010/08/update-on-google-wave.html