aswokei
I read an article [New Scientist, Scientific American..?] about a system which was pretty much exactly as you've described, not full holographic, but some kind of stereo vision set-up, across a desk, etc... they used multiple cameras, needed some heavyweight servers and bandwidth to move content between two sites, but it worked.
Okay, so it probably only worked on Tuesdays, but it sounds like a workable product.
Dapthar
I didn't realise realtime holography was so far advanced - what happened after '95?
PS
Deep Space 9, aboard the Defiant, I remember someone chating to some admiral using a holo-link...