I think it has the ability to do more once it is sufficiently miniaturized. Small to the point that it’s not much different than wearing eye glasses.

Glasses can make a viral and sticky form factor that we already have centuries of experience with. If we can build an AR glasses product people want to wear then we have the potential to greatly increase the amount of digital information a human sees and processes. This information can be addictive, like smartphones, and of high utility, like smartphones.

Look at the success of wireless earbuds, they will be part of distributed wearable AR systems, they're screenless AR that exist already. AR doesn't always mean screens. Glasses can replace screens, but they won't be worn by everybody like Phones, so AR glasses will first compete with desktop, laptop and tablet screens in more professional environments. It can only go mainstream like phones in contact lens form, or some kind of iris projector that sits on your nose, likely still powered by a watch or a phone. Not sure if we see that in the next decade though.

If done correctly, then yes.

being able to overlay information, in context, onto objects that it relates to, will be massive.

But only eventually.