You can see the results of that deep dive up on ZDnet:
Read the rest.
Google Wave arrived back in May with a blast of publicity — including a keynote of its own at Google's I/O conference. The initial story from the Google team was impressive, with Wave touted as a revolution in collaboration from star developers the Rasmussen brothers (the team behind the first iteration of Google Maps).
Wave certainly builds on the company's strengths, running in the browser and hosted in the cloud. Lars Rasmussen has a lot of ambition for Wave, wanting it to replace email. At I/O, he put it like this: "While email is an incredibly successful protocol, we can use computing advances to do better. Wave is our answer".
The Wave team has thought hard about the structure of a conversation, and how this can be replicated online. Each wave is a collaborative space comprising groups of 'wavelets', which are themselves built up of 'blips'. A blip is the basic unit of conversation in a wave, hosting an XML document. Blips don't need to be human readable — they can contain files or even executable code. Developers can build on these by using what Google calls 'robots' to interact with wavelets and blips. For example, at I/O Google demonstrated a robot that could handle real-time translations.
Oh, and take a look at the gallery of screenshots too...