LAPTOPMAG has an actual hands on review of the new EQO software announced today. If you recall, EQO was originally designed to add Skype functionality to mobile phones, however EQO has changed their offering.  Now instead of just enabling Skype (Skype-to-Skype, Skype-In, Skype-Out) on mobile phones, EQO is offering their own mobile VoIP solution with EQO Out "credits" for PSTN termination.

The new client, which still runs on Java compatible phones, lets you make VoIP calls, as well as instant message across networks (MSN, Yahoo, AIM, GoogleTalk, ICQ, Jabber). Both Nimbuzz and Fring offer similar applications. Talkster also has a mobile application using a web interface, and last I spoke to them back in December, they said a "fat client" would be available this year.

There certainly seem to be more players offering mobile VoIP software solutions these days. Wonder how long it will take before the mobile carriers start blocking these kinds of applications? I should mention that calling another EQO user is free and calls to regular landlines use EQO Out credits which are obviously cheaper than standard mobile rates since it leverages VoIP termination.