So what is Google Wave. The new feature that is going to take over Gmail, Google Wave, is a technology developed to combine email, instant messaging, social networks, and information. It will be the real-time flow data that will help people collaborate easier on the web. This new feature was previewed in May of this year and has recently been opened to some customers and developers who wanted to be the first.
A wave is created in Gmail when they create a “blip,” which is when  basically a message. Users can drag and drop just about anything in a conversation or a wave. So what is all the hype about this, you ask? Google is always focusing on giving users an area where they can give real-time information while keeping Googlers on Google.
Gmail as certainly taken over as the popular email service. Lets just see who steps up to compete.