An update for the Skype has been released taking the Windows Phone app to version 1.2. The update fixes a handful of issues with the previous version and adds the following improvements.
All phonebook contacts with at least one number are shown in Skype contact list.
Ability to edit phone number in dial-pad before calling.
The update fixes cover issues involving calendar notifications ending Skype calls and instant messaging crashing the app. There still remains issues such as the app requiring a minimum of 512mb of memory on your Windows Phone, no Bluetooth support for audio or video calls, and answering an incoming call will end your Skype call.
The updated version hasn't appeared on the Marketplace just yet and we don't know if the Skype app was released for Marketplace certification or released from Marketplace certification. If the app has cleared certification, look for the update to be pushed out shortly. Otherwise, we're still looking at a few days, barring any issues with the certification process, until we see the v1.2 update.
In the meantime, you can find Skype for Windows Phone here at the Marketplace. It is a free app for your Windows Phone.
Source: Skype Blog; Thanks, Jay, for the tip!