I have several ideas about how I want to implement Google Wave .... but it's not released yet.
Here's the latest discussion I found about whether or not Google going to make the planned release date of September 30, 2009:
http://www.seekomega.com/2009/09/still-some-ripples-in-google-wave-beta.htm
I sure hope my invite goes out in one of the first batches.
http://www.downloadsquad.com/2009/07/21/google-wave-to-send-out-100-000-invites-in-september/
Here's Google August 11 video with the offical update:



I remember when GMail was first released in 2004. It was by invitation only. People with extra invites sold them on eBay, which is where I got my first GMail invite.
I don't doubt I may end up buying my first GWave invite on eBay, too, next week. :-)
Cheryl,
Thanks for keeping abreast of the Google Wave release. I love my Gmail and Google Docs.