Well, it looks like Google is up to their old tricks again pulling another rabbit out of their hat, this rabbit's name, is Google Wave.
Google Wave which has been in development for 2 years can best be described as the evolution of Google Apps/Email. Google claims it is, "what email would look like if it were invented today." It will be really interesting to see how things shake out when it is released to developers latter this year.
Another nice feature is that you can "house" GW in your own site via an API. This means, no longer do you have to worry about a third party hosting your data, it can be done from your own environment.
For a much more detailed review from Lifehacker, click here.
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