A job listing over on Microsoft's recruitment page states that the team are looking to build a Skype Xbox Engineering Team, suggesting video chat integration could be coming to the Xbox 360.
According to the listing, Microsoft is "building the next generations of our products and technology", a likely nod towards a future console, most probably the Xbox 720.
Despite bagging Skype back in May of 2011 for a huge $8.5 billion, Microsoft have dragged their heels when it comes to integrating their acquisition into their core products: it took until February of this year, for instance, to see even a hint of a Skype app for Windows Phone 7 devices.
But the potential here on Xbox is great; the Xbox Live community is a vibrant, vocal one that would appreciate the deep, robust chat support Skype would offer, with the Kinect sensor well placed in many Xbox 360-owners homes to capture the footage.
Even better, we'd love to see some picture-in-picture video using Skype on the next-gen Microsoft console, whatever that ends up being. A Call of Duty frag match or FIFA tournament, paired with the grimaces of your opponents as they get pwned would be awesome.