The latest great idea is to use your iPhone for a quick video conference. The camera points out the back, so a couple of mirrors are used to get your face into the system, and a video un-mirror program is necessary, but it is doable. See this great post from MacDaddyWorld. The new iPhone will be out in a few days, so many are hoping that this will be easier. No rumors yet that the camera will point both ways, we will see.
Apple iPhone for 2 person videoconference
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3. About six months I witness the wonder of videoconferencing when I was asked to deliver my lecture from my university to a high school via video conferencing. First I was thinking it was just a camera recording my lecture and will make the necessary editing to show the high school students but later I realized that I was interacting with the students live. Great technology