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ICQ/IM is just text messages for your PC. The advantages of text over voice on a phone are clear, it's really no different for the PC.
Skype is great for interaction, meetings, face to face, support, etc.. but it just doesn't hold up to the 'text' abilities, mass people using it, etc.
Skype also has to deal with services like VOIP or Digital Phones, which have free long distance.
ICQ is here to stay... probably longer than Skype will be around.
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