Insight into Google's Wave

If you haven't heard about Google's new communications project called Wave, don't worry, you arn't the last to know. This cat is still only half out of the bag.
Seems that the code monkeys over at Google have really been working some overtime. Wave will possibly be the next generation in on-line communications and is also looking to bump the current system of e-mail off the map as well. it's kind of like, IM client meets, e-mail client, meets online forum, meets collaboration client and a few other tools tossed in for good measure. While this is very interesting, I'm not sure if I like this idea.
However, I'm still learning about it and you should as well. Ars Technica has this article on what they have seen from Wave as well as a nice breakdown of how it works. So this article does a great job of explaining what Google's ideas is, but does get a bit technical along the way. Even if you arn't the technical kind of person, read the article. The super geeky part isn't very long but the rest will provide a lot of information.