It looks as if the rumour mongers were right with this one.

Skype has just gone live with version 5.0 of its Windows software, and at the same time, declared its undying love for all things Facebook.

In one of the biggest web communication partnerships of all time, Skype has taken Facebook fully on board.

We're not talking about a little Facebook app within Skype. We're talking a complete news feed integration, with the option to like and comment, update your status, as well as your Facebook phonebook being present on Skype for all your calling and texting needs.

As well as the Facebook hook-up, Skype 5.0 also brings with it video conference calling for up to 10 people at a time. This feature has been doing the rounds in the private beta labs and is now out for the public to try free of charge, for a limited period.

"Video calling accounted for approximately 40 per cent of all Skype-to-Skype minutes in the first half of 2010", read a statement from the Luxembourg based VoIP king.

"People who download the new Skype will receive a free trial of group video calling in beta for a chance to try out video calling with more than two people. The dynamic view makes it easy to follow along on group video calls by automatically moving the focus to the person speaking on the call".

"With the eagerly anticipated introduction of group video calling, family, friends and work colleagues can do more things together whenever they are apart".

The final update that Skype 5.0 adds is automatic call recovery, which will attempt to re-connect you without prompting should your call be dropped.

Skype 5.0 for Windows is available to download for free right now, and is all presented in a jazzy new UI.

Download 5.0 and give it a spin. Then, be sure to let us know what you think using the comments below.