We spoke about the upcoming Yahoo! Messenger update for iPhone that will bring video calling/chatting via 3G to your Messenger friends.  The update will work on the iPhone 4/3GS running iOS 4.1 and supports multitasking. It’s no FaceTime over 3G but its something.  Check out the full list of features below after the break.

• NEW – Video calls: Use Yahoo! Messenger to make video calls and stream live video one-to-one †

• NEW – Voice calls: Make free voice calls to your Yahoo! Messenger friends

• NEW – Low cost voice calls: Talk to your friends on their landline or mobile phone, and make low cost international calls with Yahoo! Voice Phone Out account. ††

• NEW – Multitasking: Work with other iPhone apps while Yahoo! Messenger runs in the background†

• Send free SMS messages via Yahoo! Messenger †††

• From iPhone to desktop and more: Connect with your IM friends in any way you want—mobile app to PC, mobile app to mobile app

• Get notified for every message: Know when a new message arrives whether the app is running, in the background, or even if it’s not open

• Show and tell: Capture and share iPhone photos and video in real-time, with your Yahoo! Messenger buddies

• Bring your friends in one place: Add your Windows Live Messenger contacts to your buddy list

• Be creative: Use rich text and personal expressions, like emoticons and avatars, to update your friends

• Enhanced performance: Get a simpler, faster, richer Yahoo! Messenger experience at your fingertips

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