Google has given an update on its immediate plans for Google Wave. As you probably know, the company recently announced that it would be shutting down Google Wave as a standalone product, thought Google said it would preserve the technology behind Wave for future use and integration with other Google products.

There has been a wide range of interesting announcements coming out of Google I/O this week where WebProNews is covering the event.

What do you think has been the most interesting announcement from Google I/O so far? Let us know in the comments!

Update Google I/O

Update: It has been discovered that someone is selling an invite on eBay, with the price steadily rising (over five grand right now). I would be surprised if this doesn’t get shut down, and there’s no telling how many bids on here are legitimate anyway.

Universal McCann’s Wave study tracks social media use, and the latest one (Wave 3) gathered information from 17,000 Internet users.  They indicated that some startling growth has taken place.