Skype has announced that they are updating to HD Video.  You will soon be able to stream 720P HD content via Skype at 30fps at a 1080×720 resolution.  Skype has also announced partnerships with LG and Panasonic to include Skype on your TV.  

"Skype software will be embedded into Panasonic’s line of 2010 VIERA CAST-enabled HDTVs and LG’s 26 new LCD and plasma HDTVs with NetCast Entertainment Access™. Both lines are expected to be available in mid-2010. Both LG and Panasonic will offer specially-designed HD webcams that are optimized for Skype video calls as separate accessories that can be plugged into the televisions. These webcams support 720p HD and include special microphones and optics that can pick up sound and video from a couch-distance."

With a proper webcam you can stream video calls over Skype and right in your living room.  The Jetsons era video phone has arrived or will soon.