Everyone's still digesting the Google Wave news from this morning. The demo video that we're seeing at Google IO isn't yet up, so for now you'll have to digest the our overview and screen shots. But the product is important - not only does it do fantastic new things in a browser care of HTML 5, but it also proposes a new communication paradigm. The founding team behind wave like to say that this is what email would be if it were invented today.Yesterday we had a chance to sit down with that founding team - brothers Lars Rasmussen and Jens Rasmussen and Stephanie Hannon - to talk about the initial idea behind Wave, and Google's philosophy in rolling it out. VP Engineering Vic Gundotra also makes a cameo appearance at the end.The video is below.