Update: Skype has a solution for bringing tech savvy users back online. It requires deleting the shared.xml file, instructions for which are available for Windows 7, XP and Mac OS X (so yes, Apple computers have been bitten by the same bug too). A simpler fix is said to be in the works as well.
Update 2: Looks like Skype is back to normal now. Phew!
Update 3: If you're still experiencing issues, a Windows software update is now out and a Mac update will follow tomorrow.
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