Barge, The discussion Ramsey and I had was strictly in reference to a slide presentation by Brian Berger that I assume you didn't look at. It contained 37 slides, of which 2 referenced very obliquely, NGSCB (slides # 4 and 11). Neither of those slides made any reference to the NGSCB OS. Most of the slides had to do with the Embassy Trust Suite and were a demo of what a brand new user could expect to be doing in regard to identity, AIK's, and then the use of Smart Safe, Smart Signature, etc.
By not including the NGSCB OS as part of that discussion, the answer to your question is "No, you can't assume that I don't think that Wave IP is a part of the NGSCB OS."
Svenm