Apple, which unveiled the next generation iPhone today has included a feature called FaceTime in the new OS, coupled by a front facing camera and video conferencing software that can automatically switch between the phone's two built-in video enabled cameras.
Above is a video that was posted on the company's website. We apologize for the quality (or lack thereof) of the clip.
Personally, I must say that I am most excited about the new device, and will certainly look at getting one.