Ask HN: How to create your own Wave server?

Upon reading briefly through the draft of Wave's protocol, it's apparent that XMPP Core is used for the server/proxy. I am a bit unfamiliar with XMPP, so I had a few unanswered questions.

Their protocol uses some custom iq/request, iq/delta, iq/error, etc. XML markups. What I'm interested in doing is setting up my own Wave server (independent of a client) and see if I can get a working system out of the draft.

So, does anyone have a good starting point for this project? I thought about djabberd (as it self-proclaims itself as extensible): http://www.danga.com/djabberd/