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for the sake of being contrarian, why all the freaking out? it's cool and all, but it's OCR + translation, two things computers are already pretty good at (not to mention word lens seems to be doing word-for-word translation, not context-sensitive).

yeah doing it so fast on a mobile device is impressive, but am I alone in thinking this isn't going to change the world?

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Yep.

You are looking at a product from it's technical merits only.

From a product perspective, I can travel to any country in the world and read the signs on the shop, read menus, or even learn the language since I have an always available translator to help.

It makes the world smaller and more accessible. Those things always change the world

It's doing a lot more than OCR + translation. It's doing OCR + translation very very quickly, on a very limited platform, then re-injected the translated form of the words back into the stream in real time.

If I could point my macbook at something and get the same thing, then I might be a bit fascinated...the fact that I can do this with something that fits in my pocket is what is so amazing.

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