Through a partnership with Voxeo and Language Line Services, Skype is now offering real-time language translation services for Skype voice calls. 150 languages are supported.
Here’s what I like about this: It’s easy to use (add the service to your Skype contacts), its not horrendously expensive ($2.99 per minute, no other fees, taken out of Skype Out credits), and you can use this on the fly with no scheduling (you can get an interpreter on average in 45 seconds after an initial request).
One problem: I’ve verified that the service works on a PC, but it does not work at all on my Mac.
Now, if Skype just added a call record feature it would be perfect.