Google reinvents the Wave.. as Shared Spaces. What a very Microsoft like name eh?

Wave Technology Lives On In Google's New Shared Spaces

Google Shared Spaces allows you to easily create a space with a collaborative gadget and a chat box in it. The gadgets are based on the Wave gadgets technology, so there are already more than 50 gadgets across different categories, like games, productivity, and event planning. Anybody can create a new space by going to the gallery and clicking on one of the featured gadgets. Spaces can easily be shared by just pasting the URL into a chat window, an email or a content sharing platform like Google Buzz or Twitter. And if you know a little Javascript, it is easy to get started building your own real-time, collaborative gadgets and create new spaces based on those.