My first thoughts were.... how boring this is compared to the other neat toys coming out....

what is this utility they speak of..

i want to be dazzled and confused while i hack the internet... god damn developers trying to be useful? wtf. boring.

NOTE TO GOOGLE: E-MAIL ALREADY WORKS. STOP PRESENTING YOUR FANCY NEW INSTANT MESSENGER LIKE SOME 14 YEAR OLD COULDNT HAVE DESIGNED IT IN 5 MINUTES!!! YOU GET PAID FOR THIS!! AHHHHHHH OUT OF TOUCH TECHIES

I liked this after they showed the easy website integration, the image uploads and the collaborative work feature, but when they started referencing Office Space, that's when I fell in love.

Can someone explain this idea of open source to me?
Are they hoping that the developers in the audience will write a bunch of code and utilities for wave, without compensation, that Google will later sell and profit from?

Open source just means that the source code is freely available to anyone, to use or modify as they see fit. Different licenses introduce different caveats. Being an open source developer doesn't necessarily mean working for free (though many do). The license Wave is released under will determine what can be done with the resulting code.

see http://opensource.org/docs/osd

Lars kinda sounds like Bruno (Sacha Baron Cohen's character).

I was considering installing MS Sharepoint Server, but this Waves product looks like it will surpass the utility of that, especially being open source.

Hopefully it will perform better than Adobe Connect.