Skype Journal reports on the progress of SkypeSee, which is the video conferencing feature that is on Skype's product roadmap (as mentioned here in Toronto during VON Canada last month).  Basically, the latest 17w version beta (IMHO, the product is already in beta, not alpha quality) is pretty light (only 359k) with good video refresh rates and crisp resolution (users can read 11pt. text from the other site - that is impressive).  The GUI still needs some refinements, but the hacker in me finds it OK.  Funny enough, thus far, they are calling this product wigiwigi, and it already has its own forum.