Adobe Wave is an all-purpose aggregator designed to let you keep up to date on a variety of different media streams. The application is a simple AIR app that connects to a variety of different services and displays a small alert when new content is available. In this entry we'll walk through how Wave works, some of it's uses, how it differs from other similar services (Twitter), and what it needs to do to survive.

http://labs.adobe.com/technologies/wave/