Fring has released an update to its iOS voice and video communications app adding support for two-way video calling and multitasking on capable iOS 4 devices. Although Fring added one-way video calling to its iPhone application last December, the lack of a front-facing camera on the earlier iPhone models precluded its use for two-way video conferencing. With the addition of the new front-facing camera on the iPhone 4, Fring users can now engage in…