Google wave is a new service introduced by google to share the news or chat with friends and lots more. Google wave is available by invitation only. Luckily we got invitation

In google wave Two or more people can share information i.e more than ordinary chat, they can have polls, etc., with real time typing. Real Time Typing in Wave is good feature and unique feature introduced by google.

Real time typing will show what your friend type and your character strokes are shown to them while typing itself. Yes your friend can react quickly, after that reaction you can respond immediately without completing previous message. The one problem Real time typing addresses is correcting spelling mistakes or typos automatically.