Death of Google Wave?

Looks like the lifespan of Google Wave has a life expectancy of about another year and it will be dead as a standalone project according to Google. According to Google they have not seen the level of use adoption that they would have liked. What does not make sense is how they describe the use and initial acceptance that Wave received. I’m beginning to sense a pattern with Google as this is similar to what happened with the Nexus phone when they decided to stop manufacturing them less than year after they were released to the public. What gives? Google opens it up to the masses, offers open-source API’s and less than a year later they dump the project?

Personally I’m going to take all their additional products and services with a grain of salt as the new stuff they offer seems to be about as stable as an egg in a blender.