Google Wave looks like it could be one of the most profound web apps to come along in some time. From the looks of the intitial developer preview, Google Wave appears to be far more than just an email killer. It seems to me like it will put a big hurtin’ on the likes of Basecamp-type collab apps and will change communication as we know it.

Google has put out a seriously long ass video showing a wicked-cool sneak peek at how Google Wave works… it’s totally worth the time to check out.

For another explanation, a couple of nerdy smart guys at CNN give a pretty darn good description of what exactly Google Wave is and brush on the implications it may have as we chug onward to web 3.0 and beyond.

Now… if they would only send us one of those early invites!