The good folks at Skype have just released version 4.0 beta 2 and it's a step in the right direction. The previous beta came out in June, I believe, and it annoyed me. Fortunately, it must have annoyed a lot of people. After studying 350,000 users Skype is redesigning the look and feel of version 4 and bringing back some of the older flexibility.
If I had to explain it I would say that the older version had a user interface that balanced the text, voice and video capabilities of Skype. Beta one skewed the focus all the way over to video and made text a little more awkward to use. That was an important change for me as not everyone I communicate with has Internet service capable of supporting video, much less a quality voice connection.
Mike Bartlett, from Skype explains more.