´╗┐Facebook today announced Video Calling powered by Skype. Currently (free) one-to-one but group video chat may be in the near future according to CEO Mark Zuckerberg. This may be sooner than later given Google+ introduced video chat for up to 10 people.

Facebook Video Calling uses a Skype plug-in that allows users to launch a video chat session in two clicks. The plug-in is downloaded on-demand so a video call can be initiated without the need to have Skype software pre-installed.

Sarah Kessler over at Mashable put together a nice little How-To slideshow for getting started with Facebook Video Calling.

Aside: If you have been paying attention to your stock portfolio, you’ll recall that Microsoft received FTC approval to acquire Skype for $8.5 billion in May of this year. Skype has 145 million users. No doubt the video conferencing service will now get a nice bump from Facebook’s 750 million users.