Skype 5 for Windows is finally out of the box (and beta version) and is available for download. The new version has a very cleaned up appearance, and as promised, connects to Facebook. Using the Facebook sign in within the Skype window allows for a 'Call/SMS' buttons next to friends who have also connected Skype to their Facebook. The Facebook Phonebook can also be viewed in Skype.
The other new features are 10-way video calling and automatic call recovery, which reconnects a dropped call as if the call was never dropped to begin with.