I got Google Wave finally, today morning, thanks to abhaga. Been toying around with it since then. Here are my thoughts on the latest from Google’s stable.
1> As Scoble wrote, it can affect your productivity. So if you see a heated discussion and you don’t want to see that wave popping up on top again and again, hit the ‘mute’ button. You can view that wave later on by going to ‘All’ option on the left panel.
2> Don’t use it as a GChat alternative. Try to use it for professional needs. If you’re a techie, try coding with someone over wave. I wrote on my posterous blog about how it could help journalists like me and change the way media organisations work.
3> Don’t fall for the hype. It’s cool alright, but not as cool as I thought it would be. One of the reasons I rate down the coolness quotient is because most of my friends are not on it as of now. I have just 10 people, most of whom are not online now. Once more and more people join god knows what this can turn into.
4> Be choosy about whom you add in a wave. You add one guy he drags in 10 others and before you know it, your sweet little wave has turned into Indian parliament (read:unruly)
5> Have patience till more gadgets are available. As of now you get to play a few games, post to blogs, check on twitter among other things etc. It doesn’t have the number of apps Facebook has, at least not yet.
6> What about the brands? Should they step-in? Yes they should, but through an app. The app can have integration with a service provided by them online or to their twitter account, to suggest a few.
7> It’s still in beta sorry preview, so a few nuts and bolts will be lose/missing so don’t hate if it crashes once or twice. It’ll improve.

Like I told you, things do go wrong once in a while
Update
8> I don’t see an option to delete any wave permanently. You can move it to thrash and that’s that. It stay there. May be a cat from google will lick the trash clean, other than that I don’t see a way to get rid of them. Gautam John has an interesting theory on that. He’s tweeted it here.
Must read: @_dinu has written about some interesting points/ways to use Google wave


[...] This post was mentioned on Twitter by suresh chintada and Gamebashing.com. Gamebashing.com said: Google Wave, First Impressions http://bit.ly/OBCTL [...]
I have already asked for this service. Waiting for Google’s invitation.
Trust me, it’s not worth it =D Use buzz =)