Comment Collaboration (Score 1) 209
This browser based app must bring something new to the table to be relevant. My guess is that it will greatly simplify multiple people collaborating on the same project. Solutions already exist but they are not nearly as seamless as they could be. I still remember seeing Smultron for the first time and being very impressed. As far as text editors go, it's nothing special but the ability for several people to edit the same file at the same time was (and still is) impressive.
No one knows exactly how this project will turn out but you can bet Google has their reasons for funding it. I'll take a wait and see approach before passing judgement. It is probably not for me (or you) but will be perfect for others. And if it requires all of these layers to accomplish it's goals then it is not a waste.