Google Wave is being introduced and will shortly take the place of email, gchat, and lifestreaming. But the biggest looming question is, will Google Wave be a Facebook killer?

I love Google apps. They are super useful, including Google Reader, Gmail, and iGoogle are great. I’m using Google Chrome as we speak. Google Wave is the next best integration of all three with it’s Google Wave application.
Google is positioning the new app as a kind conversation and collaboration system. It’s as logical as the jump was from mail to email, telephone to chat, or blogging to microblogging. Wave is described by Google as “equal parts conversation and document, where people can communicate and work together with richly formatted text, photos, videos, maps, and more.” It sounds to me like a bit of social networking that may end up being a nice competitor for our Friends at Facebook.
Create a Wave, add people to it, toss in some gadgets, feeds, and photos, and mix with a rich text editor. You’ll see new content in near-real time as your friends add it, and you can even hit the rewind button and watch your Wave evolve from scratch. Wave’s power will come from its extensibility and ability to integrate with existing activity sources like GMail, Facebook, and Twitter.
Wave is built on HTML5 and the Google Web Toolkit. What’s more, the team plans to make the source code powering Wave open source to encourage developer involvement in the project’s continued growth and evolution. If you’d like to get involved, head over to the Wave Developer Blog for API information and a look at what you can build with Wave.
These are at least 4 reasons why Google Wave Will Kill Facebook:
1. Google is Google. Have you seen the Compete.com #s for Facebook vs. Google? Facebook may be gaining, but Google already has a base of Gmail subscribers worldwide that could trump the monkey.
2. Facebook doesn’t have search. Imagine what the Google search algorithm mixed with Wave will do?
3. Google’s revenues dwarf Facebook. More money for diversification? I guess Facebook did just get the influx from Russia…
4. Facebook has apps, Google has applications. Think about it. Facebook is a good networking center, but I’m sorry Google just has too many applications that have more useful applications than Facebook.
These are some of my thoughts. What do you think? Will Facebook be killed by Google Wave?
Last week I posted an article on how 