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Wave has not seen the user adoption we would have liked. We don’t plan to continue developing Wave as a standalone product, but we will maintain the site at least through the end of the year and extend the technology for use in other Google projects. The central parts of the code, as well as the protocols that have driven many of Wave’s innovations, like drag-and-drop and character-by-character live typing, are already available as open source, so customers and partners can continue the innovation we began. In addition, we will work on tools so that users can easily “liberate” their content from Wave. [googleblog.blogspot.com...]
In a classic PR lesson in face-saving, Schmidt tried to recast Wave’s failure as proof that the world’s largest ad broker was willing to live dangerously.
"Our policy is we try things," he told reporters, according to CNet’s Ina Fried.
"We celebrate our failures. This is a company where it is absolutely OK to try something that is very hard, have it not be successful, take the learning and apply it to something new." He then added that even though Wave never gained any interest from Google fans, it remained “a very clever product”. Perhaps it was just ahead of the curve, eh, Eric?
are already available as open source
What they are saying is that it is risky to try new Google products.