An interesting paper discussing google wave in education is available via:
http://fm.schmoller.net/2009/11/google-wave—revolutionary-tool-for-cscl-or-overestimated-hype.html
If you have a wave account, you can see the wave related to this paper here:
http://bit.ly/xwK4H
Not sure if this is worth the effort. I will wait for others to let me know. For the time being it is just another password to forget remember.