After removing alsa-plugins-pulseaudio I got sound again, tested on both 1.x and 2.x skype versions.
[root@tekkaman ~]# yum remove alsa-plugins-pulseaudio
Loading "fastestmirror" plugin
Loading "basearchonly" plugin
Loading "refresh-updatesd" plugin
Setting up Remove Process
Loading mirror speeds from cached hostfile
Resolving Dependencies
--> Running transaction check
---> Package alsa-plugins-pulseaudio.i386
0:1.0.14-5.fc8 set to be erased
---> Package alsa-plugins-pulseaudio.x86_64 0:1.0.14-5.fc8 set to be erased
--> Finished Dependency Resolution
Dependencies Resolved
=============================================================================
Package Arch Version Repository Size
=============================================================================
Removing:
alsa-plugins-pulseaudio i386 1.0.14-5.fc8
installed 84 k
alsa-plugins-pulseaudio x86_64 1.0.14-5.fc8 installed 90 k
Transaction Summary
=============================================================================
Install 0 Package(s)
Update 0 Package(s)
Remove 2 Package(s)
Is this ok [y/N]: y
Downloading Packages:
Running rpm_check_debug
Running Transaction Test
Finished Transaction Test
Transaction Test Succeeded
Running Transaction
Erasing : alsa-plugins-pulseaudio ######################### [1/2]
Erasing : alsa-plugins-pulseaudio ######################### [2/2]
Removed: alsa-plugins-pulseaudio.i386 0:1.0.14-5.fc8 alsa-plugins-pulseaudio.x86_64 0:1.0.14-5.fc8
Complete!