Running multiple instances of Skype on the same machine. There’s gems in those Skype forums for those that have never ventured there.
forum.skype.com :: View topic - multiple instances
Actually I do this sometimes. But you need Windows XP Pro to do it. Create another user account under Control Panel > User Accounts. Then right-click (or Ctrl Right-click) on Skype shortcut and select Run As… Enter your new Windows user account name and password and you have another copy of Skype running!
Both Skype instances can use different audio devices.
forum.skype.com :: View topic - multiple instances
Virtual Audio Cables
Following links from Stuart about running multiple Skype instances I came across the Skype Forums where people are talking abut how to run multiple instances of Skype, but also streaming Skype conversations into other VOIP and Net2Phone services using a n