Heh... you just knew it was only a matter of time before the parody sites came out! Kudos to whomever put together:
http://easiertounderstandthanwave.com/
Very cute.
The reality, too, is that Google Wave is hard to understand until you wrap your brain around the not-overly-intuitive user interface. Once you start to get the interface, though, there are some VERY cool things you can do with it... I've got some screencast ideas I hope to be posting soon...
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