It looks like Microsoft is gearing up to improve their video communications experience as part of Live Communications Server.
This post by TechTaxi seems to say that they want to be the PolyCom of video communications.
Their current offering for video pales in comparison by all accounts to client SightSpeed, so if you took one part Microsoft added one part SightSpeed, then cooked up some Level3 bandwidth you'd really have a great network to see what's really happening.
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