Some time ago, I heard about a company that was acquired by Google that had created some software called EtherPad. If you ask me, this is how Google Wave or Google Docs should have been done. You can see the updates in real-time, everyone's changes are tracked, you can save revisions, you can chat with other collaborators, and it even uses wiki-style red links, so that when you click on a link to a page that doesn't exist, a new one gets created. It's all the best things about wikis, documents and IRC.
You can even embed the results in another page, almost like Wave:
Edit: I have taken out the embedded pad. Not a good idea for your home page.
EtherPad runs on Java, and the version I downloaded uses Jetty, which is to Tomcat what Lighttpd is to Apache (I think, I'm not a Java guy). EtherPad is a package in a repository that you can add to your apt-get list in Ubuntu, and it basically installs itself.
I ended up doing a little bit of customization, and turning on a few plugins, like the Twitter-style tags, which is a great way to get things to show up on a search page.
If you've never heard of EtherPad before, visit the site and create a page. Then invite a friend to come check it out and edit the page with you (or ask me). When you use it at a live event, like during a meeting, your workflow for working on meetings, and the way you think about wikis will change.
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