Google Wave- new social network from google

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"It is a web-based service, computing platform, and communications protocol designed to merge e-mail, instant messaging, wikis, and social networking.[3] It has a strong collaborative and real-time[4] focus supported by extensions that can provide, for example, spelling/grammar checking, automated translation among 40 languages,[2] and numerous other extensions.[4] Initially released only to developers, a "preview release" of Google Wave was extended to nearly 1 million users beginning September 30, 2009, with the initial 100,000 users each allowed to invite up to twenty additional users." Are you a member yet? Is it any better than other social networking sites? Are you planning to join?