Gmail Chat today updates with two new features “multicolor smileys and group chat” in the new version of Gmail. The same features were added to the Google Talk Gadget earlier separately. However, this update doesn’t include the Flickr and Picasa Web photo slideshow feature that was added to the GTalk Gadget in April.
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From Gmail Blog post: To start a group chat, click "Group chat" from the "Options" menu when chatting. Enter the names of the people you want to add, and, bingo, you're in your very own chat room. All the familiar features such as chat archiving and taking the chat off the record still work as well.
You'll also now notice a smiley face in the bottom right-hand corner of your chat window. You can still use regular emoticon keyboard shortcuts, such as 🙂 or =P, but this menu lets you select the style of the emoticons you send. Beyond the good old classic Gmail smileys there are two brand new, rich emoticon styles.