Skype Automatic Translator

Today I found an interesting entry to the Skype Journal Blog (which I haven't visited for a while). The entry talks about a real time automatic translator for Skype chat. Amazing!
I have used automatic translators before (mainly Japanese/English) but never a real time chat one. I wonder whether this will be the next advance for people who use webchat...
It seems that the Japanese/English is still in beta but I will try anyway. If it works, I will try to get my parents (no Japanese) to speak with Namiko's (no English). Isn't technology great!?