Will Google's new Wave drown both Twitter and Facebook before the latter two even have a chance to monetize their huge networks of Earthlings? PC World's David Coursey uses more than 140 characters to raise the question "Is Google Wave a Twitter Killer?":

Don't pay no never mind, Coursey says, to how Google is portraying Wave so far (Google's Wave page). It's not a foregone conclusion, he adds, that Wave will drown the competition — once it's seen as competition. But he does note that the rumors that Google would buy either Twitter or Facebook haven't come to pass. And why would Google do that when it's rolling out something as comprehensive as Wave? He writes:

Remember this: Google (unlike Facebook and Twitter) already knows how to make money off the Web by selling ads. And remember AOL and MySpace, both of which prove how quickly the Next Big Thing gets overtaken by the next one.

Even if Wave doesn't drown Twitter and Facebook, its all-in-oneness — its potential to spread the news, e-mail, blogging, etc. more efficiently — poses a grave threat to an already dying daily-newspaper industry.