After weeks of speculation, Skype finally rolled out their much anticipated video calling feature with their latest Skype 3.0 update for the iPhone and iPod Touch. Obviously in order to make full use of the video call feature, you’ll need either an iPhone 4 or a new generation iPod Touch. Older devices can still use the video call feature, but will be limited to using only the rear facing camera. Skype to Skype video calls can also be made on either 3G or WiFi which is an improvement over Apple’s own Facetime service which only makes calls over WiFi.

New with Skype 3.0:

• Make Skype to Skype video calls on WiFi and 3G*
• Call Skype desktop users (Mac OS X or Windows) and other iPhone users.
• Two-way video calls supported on iPhone 4, iPhone 3GS and iPod touch 4th gen.
• Receive only video supported on iPad and iPod touch 3rd gen, with no camera.
• Make video calls in portrait and landscape.
• Skype video calling requires iOS 4.0 or above.

Get the new Skype now here in the App Store.

[via Skype]