I’m very excited about the below article as this could inevitably lead to a low-cost reading solution while on the go. An excerpt from the article follows:

BARCELONA, Spain – Stumped by foreign languages when you’re travelling? Google is working on software that translates text captured by a phone camera.
At a demonstration during the Mobile World Congress, a cell phone trade show in Barcelona, an engineer shot a picture of a German dinner menu with a phone running Google’s Android software. An application on the phone sent the shot to Google’s servers, which sent a translation back to the phone. It translated “Fruhlingssalat mit Wildkrautern” as “Spring salad with wild herbs.” There was no word on when the software would be available.

Software that translates text from pictures is already available for some phones, but generally does the processing on the phone. By sending the image to its servers for processing, Google can apply a lot more computing power, for faster, more accurate results. The phone still won’t order for you, though – you’ll have to point at the menu.
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Please see below link for entire article.

href=’http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=10626716′>Google working on language translating phone – Technology – NZ Herald News.