iPhone 4 FaceTime video calling iChat

Steve Jobs brought back a doozy of a "One more thing..." for his WWDC 2010 keynote today -- the awkwardly named but awesome-looking FaceTime video calling for iPhone 4.

Apple says it requires zero setup, works landscape or portrait, front or back camera, and supports h.264, AAC, SIP, STUN. It's Wi-Fi only in 2010 but they're working with carriers to support it over 3G in the future.

Video after the break

[Apple.com FaceTime page]

YouTube link