As expected Skype is adding video functionality (thanks, Howard) but much sooner than you think. And just as I managed to put the finishing touches to our Messenger 7.5-based video conferencing system.

Upcoming version 1.5, schedule to be released in October, is to add video and client-side web presence features. Version 1.6, in November, streamlines the client and adds social networking, among other features.

If they can deliver a video experience that matches what they've done with voice (in my view still unmatched) expect webcam manufacturer shares to go up.