It is in the beta so right now it is the same way Gmail started. From what I understand they are maxed out. I recommend taking the tour. I was fairly impressed with what little I saw.
I received an invite today, and I like the interface a lot. It's clean and simple, no advertising whatsoever. Right now, of course, no one I know is on it, so its use is somewhat limited, but it looks promising if it isn't another Google Wave.
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