Too complicated. Anything worth having should be explainable in 30 seconds. I watched the first ten minutes of the Google Wave presentation, and still didn't understand what was going on. Maybe it has some cool features, but I think that it will go the same way as Google base and Google coop.
That's because they barely talked about what it was in the first 10 minutes - they just talked about what a supposedly great thing they were supposedly about to reveal. I almost fell asleep!
