Five Things You Need to Know About Twitter Lists

While we are waiting for our Google Wave invites to hit our Gmail accounts, Twitter announced a new feature called Twitter Lists. Here are the 5 things you need to know about Twitter Lists:

1. You select Twitter users for custom lists like groups for your friends on Facebook.
2. These lists are only viewable by you or can be shared publicly. What categories will you be listed under? Spammer? #FollowFriday?
3. Developers will create third-party applications for these lists. I bet TweetDeck is already working on some cool options for Twitter Lists.
4. It is in limited beta release. Nick Kallen, Rael Dornfest, Vitor Lourenço and the rest of the stellar Twitter Lists team are putting on the final touches before it is officially launched.
5. For now, use TweepML to generate lists of Twitter users that you can follow with one click.