Very impressive. I'm curious to see how it performs in the wild though -- can it translate signs outdoors just as well as in a studio? I really hope so.
It performs very nicely in the wild. One of the nice things about the "real time" aspect of this app is that you can nudge the phone around until you get a good translation.
What about smaller type (and sometimes weird fonts) in somewhat dim environments – I’m thinking of menus, that seems like a typical situation where translation is necessary for tourists.
I've known about this application for a long time, Otavio showed me an early prototype of this running on his laptop over a year ago. I'm ecstatic that they finally released it.
(I'm also happy that I was able to get their story on HN before TechCrunch :D)