Is Google Wave a threat to Microsoft or an example of Google becoming too Microsoft-like for its own good? If and when you manage to wade through the "Google Wave is the next best thing to Google search" tweets and posts, a few interesting counterpoints rise to the surface.
Google is pushing Wave -- which it rolled out to developers at the Google I/O conference on May 28 -- as a new Web 2.0 collaboration tool. From what little I've seen and read about it, it looks like a mashup of mail, Twitter, Friendfeed and Facebook. And to be part of the Wave, you need to write to yet another protocol, not protocols or standards that already exist.
I'd suggest, instead, the Google Wave swoonfest might be a case of the Valley press/blogging core loving their Web 2.0 companies (like Google and Apple) too much to admit when those companies start sliding down the slippery slope plowed by ... Microsoft.