Shoutbox

Also note that such a feature can not be brought back by Messenger Plus! Live or any other addon for that matter.

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Official talk about the removal of the Webcam feature can be found here:
http://windowsteamblog.com/windows_live/b/windows...relationships.aspx (see last chapter of this article)
http://windowsteamblog.com/windows_live/b/windows...eleased-today.aspx (also see Piero Sierra's comment from May 18, 2010)
http://www.liveside.net/main/archive/2010/05/24/o...senger-wave-3.aspx (repeats Piero Sierra's comment)

note that you can still use one-way video conversation (or whatever you wanna call it) with 'Video Call', though it takes a few more steps than how it was with the 'Webcam' feature.