Will Google's Wave revolutionize the Internet?

Will Goggle's Wave change everything? Wave is a new tool for communication and collaboration on the web that allows discussion and content collaboration - live. It is open source (yeah) and was created by the same two guys who created Goggle Maps. It is a program, a platform and a protocol. You can watch a 1 hour and 20 minute demo video of it from the recent Google IO by going to http://wave.google.com/.