I first heard about it on the CNBC financial cable channel. You plug it into a USB on your computer and you plug your regular home phone into it and vuala!
There is a one-time fee of $39.95 for the magicjack which includes the first years license fee. After that it's $19.95 per year!
In addition to the unlimited local and long distance calling, you get voicemail and can use it anywhere you have access to a computer. And anywhere can be overseas!
For more detailed info visit their website @ http://www.magicjack.com
And no I don't make any money on this, just thought I'd share it with those that may not be aware of it.