
The death of Google Wave is probably not unexpected. If it was ever going to work, then it's one thing getting geeks like you and I interested, but the key would be in attracting the attention of less computationally savvy users. Like your Gran or your PI, perhaps.
Anyways, Google Wave's death also mirrored the rapid rejection of my paper on Robots that was submitted as an Application Note to Bioinformatics, bucking the 8-1 prediction in my recent scientific poll to determine whether it would fly. The paper itself can now be found at Nature Preceedings, who very generously don't adhere to silly little things like peer review.
The Reviewers raised a number of issues, most of which were valid, but the key theme to all the reviews was "What's the point? Why would I use this?" The answer is that it was a bit of fun, and an exploration of what one could achieve with the technology. Rather like Google Wave itself, I guess.

Dude, sorry to hear about the wipeout. Still, plenty more waves in the sea?
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