Google will launch in a few months a revolutionary new product, named Google Wave. Last time I got so excited about a Google product was on Gmail's launch. But what is Google Wave? Via the Webmonkey blog:

Wave is a web-based application that marries multiple forms of communication and collaboration, including chat, mail and wikis, into a unified interface. Everything inside Wave happens in real time: You can even see a comment being made as the person is typing it, character-by-character

The Webmonkey blog post also has a screenshot of the service - since some lucky souls are already beta testing it - which I proudly stole:

That's a terrific productivity tool, instantaneous (latency of low milliseconds) and licensed as open source. It becomes now clear why Google isn't interested in Twitter.