Google Wave - is this a threat?

I haven't really analyzed but on quick glance was thinking this might be a threat to what so of us are doing.  Is anyone worried about this?

Rob

http://mashable.com/2009/05/28/google-wave-guide/

no, saw this on techcrunch and it looks like great fun :-)

btw http://wave.google.com/help/wave/about.html

details about the api so possible intergration with dolphin

"turn threats into opportunities" YouDidntDidYou business saying....

check this video 23 mins in http://www.youtube.com/watch?v=v_UyVmITiYQ&feature=channel

wow this looks nice i have to say after watching the video