Pidgin
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Full user review
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"Great IM Consolidator"
Pros
When Yahoo IM updated to version 11, I no longer had the ability to store my archives locally. Pidgin solves that problem, and I do not have to look at ads anymore either!
Cons
The default smilies are lame, but you can import sounds and smilies from other clients. Occasionally, the other IMs such as Yahoo change servers which requires some work to get Pidgin reconnected.
Summary
A great solution for those who do not like the ads that other IM clients have, and for those who want to archive their IMs locally (they are even in plaintext and are searchable!). I do not have friends on multiple clients, but if I did, I could use Pidgin to chat with all of them.