what is all of the Buzz about Google Buzz?

Right now it kind of feels like a social network has hi-jacked my email client.
But in just a matter of days I'm connected to dozens of people through the newest social network, Google Buzz.
Even though I'm a big Google user, I'm a little leary here, mostly because of my disappointment I have after the tremendous hype surrounding the Google Wave.
Google Buzz launched in relative obscurity, and perheps this time Google will deliver the kind of product that we are used to seeing from their labs.
Everyone is still trying to figure out the relevance of Google Buzz- but from where I'm sitting it looks like it going to be big!

The following article by Jeremiah Owyang has an awesome comparison matrix between Buzz and Facebook, Twitter and MySpace.
http://www.web-strategist.com/blog/2010/02/11/matrix-buzz-vs-facebook-vs-myspace-vs-twitter-feb-2009/

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