Free conferencing is not very common among VoIP softphone services. Skype removed its free conferencing service some time back. Now, with Gizmo5, you can have a group talk with up to 10 participants for free. You need to get a room number from there, which will be emailed to you, then invite your buddies giving them the room number, which they specify after calling a number to get access into the room. You can get a room number from there. In the past, Gizmo5 users have been suffering from call quality problems, but this new service hasn't had any complaints yet. And to crown the whole, the calls can be recorded too.
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