This week, Google came up with two new features for Google Wave to help wavers manage their wave in a better way by : making participants read-only and restoring a wave to an earlier state. Here’s a full explanation about these features :
Read-Only Participants
Since Waves are like Wikipedia posts which Everyone can edit, it sometime becomes a problem for the author since any unwanted element in the group can modify the wave. So Google has now come up with a solution for this i.e., Read-Only Participants.
The creator of a wave can now change other participants on the wave between full access and read-only by clicking on their picture at the top of the wave panel, and selecting the access level in a drop-down.
Read-only participants are prevented from making any changes to the wave, including adding new participants. They can, however, view live changes to the wave, and look at the history in playback.

Restore from Playback

I was waiting for an update something like this coz it sometimes really irritated me and some other Wave-Friends when someone Else edited the waves that i Created.
With this update,the wave authors or any user having full access to a wave can now restore it to any previous state visible in playback. The best part of it is that nothing gets deleted from the history. That way you can use the new restore function to correct mistakes you or others make in a wave (including restoring the the wrong state!).
[ via Google Wave Blog ]

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