Microsoft Research is demonstrating a new technology they’re calling “Augmented Vision” at TechFest today.  It’s an augmented reality video-overlay system, meant to be used with “small portable computers”, and eventually Smart Phones.

Their software which runs on a small portable computer analyzes scenes from a camera matches to those stored in a database and overlays supplementary information on the display. The researchers note that a smart phone with augmented reality could help allow engineers to “see” the pipes or electrical cables below a street. In the demonstration given at TechFest the software will be used to lead people on a treasure hunt to a hidden prize of a virtual pot of gold.

via Technology Review: Microsoft Demos Augmented Vision.