This sounds extremely exciting. But on second thought I fear with this technology we'll be getting too lazy to actually learn a foreign language - which is also awesome.
And it's tough, because if you like travelling, it's not really feasible to learn every single language for every place...but in the future if I can pop an earbud in & get a realtime translation & they can do the same, I'd probably speak to so many more strangers when I visit non English speaking countries. It'll be so great.