VoIP is definately a big BUZZ word.
The main direction of Telecom is the convergence of voice and data. This convergence does not end at doing voice as IP or placing the set in a data enviroment, or creating VoIP trunks between systems (sites). Most vendors are introducing "APPLICATIONS" that converge voice and data.
These applications are where most of the benefits (AND PROBLEMS) are found in a converged site.
The techs that can successfully understand and perform on both sides of the applications will be in huge demand. It is one thing to enable a voice product to interface to an application, it is quite another to do that at a PC (user) level back to the voice side.
The other recent direction would be doing VoIP with the SIP standard. SIP, in general terms, will enable different product manufacturer's offerings to talk to each other at a standard level. In the begining days of VoIP, each manufacturer had their own propietary Protocol. They still do in fact, but they also have started designing their products to do SIP as well.
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