No, nothing new here. Same story we've heard off and on for almost a year now, typically from Kevin Rose. But the internets are all a twitter about it, so for completeness' sake, here's the story again from CrunchGear, augmented with the recent iPhone patent grants:

Apparently video recording is mentioned frequently throughout the entire document but a few images and sections explain a video conferencing capable phone.

Yet they, like us, remain cautiously optimistic at best. After all, Apple files tons of patents, is granted quite a few, but only ever ships a very small subset.

Still... I wants it for my iPhone HD. How about you?