Skype Video Calling for iPhone

Skype has just announced the addition of video calling for the iPhone Skype app. The app has been updated and is a very popular free app in the Apple App Store, working on the the iPhone, iPad and iPod devices which connect over WiFi or 3G connections. The front and rear camera on the iPhone 4 makes this a great tool for conducting business calls on your iPhone.
Is it better than Apple’s FaceTime? Facetime requires a WiFi connection, but Skype supports Skype to Skype video calls over both WiFi and 3G, and works equally well over both connections. FaceTime also requires that both parties be on an iPhone, but Skype only needs a Skype account, allowing you to connect with desktop users along with your iPhone friends. What are your views on the new Skype app?