Google has come up with a new startup, the Google Wave is a new model for communication and collaboration on the web, coming later this year. Here's a preview of just some of the aspects of this new tool. Through Google Wave, people can communicate and work together with richly formatted text, photos, videos, maps, and more. Any participant of the conversation can add other participants in the process and edit the content. The conversations are much interactive and faster. Google wave aims at bringing instant messaging and email at a single place. The developers of Google Wave say that that Google Wave is what email would look like if it were invented today. Here’s a video on Google wave from Google I/O.