Assignment 8 Google Wave

Google Wave looks cool but also a little scary. I'm not sure if I understand much about it. I do think that there is great potential for business use, especially if a company has offices all around the world. Just imagine working on a project with people in Japan and Canada at the same time and being able to present the finished product in the US all in the same day? I tried to find out if there is some way to censor content since everything is done in real time, but couldn't find out. If someone knows, I would be interested in how this is done.