To me, Wave felt shut down too early.. and of course, way over hyped. By comparison to Wave, i'm shocked Plus still exists.
There's a sense there of some hostility between the groups involved at the time and something of a hostility against the "techie-first" nature of the company before plus. I'm one of the ones that question if Google lost a lot of its "soul" in building Plus and trying to be more like Facebook.
I figure there's an alternate universe out there where something like Plus started as a smarter merger of Wave and Reader, and I'm curious what that would have looked like.
Looks like Google decided to be in it for the long haul with Google Plus, but let Google wave die due to a lack of popularity. But that would have been a very good product to play the long game with.