A huge jump from version 1.2, Skype has just released the Skype 2.0 for pocket pc.

The minimum requirements to run Skype for Pocket PC 2.0 are:
- OS: Windows Mobile 5.0 Pocket PC or Pocket PC 2003
- Display: 320x240, 640x480 (portrait or landscape), 240x240, 480x480
- CPU: 312Mhz + (Optimized sound quality versions for Intel Xscale, 312Mhz and for 400MHz+), b
- Network: WiFi, 3G or EDGE
Change log (including beta version)
- bugfix: After ignoring the call, Skype is still ringing
- bugfix: Call to device phonebook entry is started from Skype addressbar
- bugfix: callto: link doesn't work
- bugfix: Info icon instead of missed chat icon
- bugfix: Received Contact List icon is not displayed
- bugfix: During a call, from call menu show profile and add contact don't work
- bugfix: Buttons on 'Received contacts' screen are not accessible in Landscape mode
- 26.01.2005 Skype for Pocket PC™ 2.0 beta
- feature: Automatic data connection, if no WiFi connection is available
- change: Skype for PPC graphics updated to 2.0 style
- change: ContactList sorting
- bugfix: Incoming chat and call privacy options
- bugfix: Impossible to cancel login when in 'connecting' mode
- bugfix: Missed call notification not displayed for SkypeIn call
- bugfix: Skype crashes after 2nd calling to PC and PPC user
- bugfix: Chinese languages interchanged
- bugfix: Skype stays in connecting mode
- bugfix: 'Call' and 'Chat' buttons are enabled when user is not logged in
- bugfix: Received ContactList is not authorized
- bugfix: Second authorization request will block accepting first request
- bugfix: Registering a new user, doesn't sign in
- bugfix: Login page shown before EULA
Get it here
http://www.skype.com/products/skype/pocketpc/