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I’m trying it, and it does looks nice.
From their FAQ:
Q: What shells does Wave Terminal support?
A: We currently only support bash. […]
Seems at least dishonest to advertise it as a “terminal” if it works only with a specific shell. It’s okay to have extra features enabled by escape codes emitted by the shell, but if it goes beyond that, I’d say it’s not just a terminal anymore.