Mashable’s Ben Parr has an interesting writeup on Google Wave, a new application unvieled at the second day of Google I/O conference and scheduled for release “later this year.”

Since its launch Google wave has become the developer’s dream.  The concept behind Google Wave is to “merge” all communications on the web at a single place. It can be you chatting your friends, writing emails, IM and various other software. The special ability to display the hybrid sequence of communication makes it more interesting. Google wave shows these conversations live in your browsers: you will see your friends type character-by-character. You can even disable the option to let others know you are typing something and suprise them with your instant messages Read the full story