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1) Conference calling, "caller-ID", Call waiting and numerous other similar features.
3) Instant messaging, file sharing and other instant messaging type features.
2) Numerous add-ons or plug-ins, many of them are free, give you additional features such as a Skype Answering machine, Microsoft Outlook integration, even a Video for Skype option. All Skype add-ons can be found at http://www.summitcircle.com/ largest Skype resource site on web.
If you decide that you find Skype convenient you may eventually want to consider some of Skype's premium services:
1) Skype Voicemail at ~19$ a year (that is about ~1.50$ per month,
2) Calling "external phone numbers", About 2 cents a minute for almost anywhere on planet! (Skype to Skype calls are always free)
3) An incoming phone number with almost any area code in US, England, much of Europe and even in China for around ~39$ a year (that is ~3.50$ per month and they throw in voicemail)
Once you get going with Skype you will find that it starts to grow on you. I haven't replaced my regular phone with Skype but it has become my second phone line and I use it frequently. If you are interested in Skype, then download Skype for free at http://www.skype.com/
Once you have Skype, you can find a Skype phone, add-on or community at http://www.summitcircle.com There you will find all Skype add-ons (or plug-ins) that you want along with a growing list of Skype business services.
Louis Philip is the owner of http://www.summitcircle.com/ where he writes about the world of Skype and maintains the largest Skype resource site on the web. He can be reached by e-mail: firstname.lastname@example.org