Google Wave may not have lasted long as an official web app, but the search giant announced today that it intends to use the existing code to design a fully functional application that can be hosted by anyone who wants it. The service will lose its integration with Gmail, but will still give active Wave participants a place to use and modify new and existing Wave’s after the service shuts down at the end of the year.
In many ways Wave might stand a better chance of reaching its full potential as a community open source project than as a neglected Google product. At the very least it takes the sting away from those who used the service extensively before they
found out it was being given the axe.