...eventually, maybe; probably after someone else has first.
The technology backing this is the stuff that the kinect was based on, by PrimeSense; it's for 3d spatial scanning, and it's super cool tech, but it's no more 'AR' than the kinect was or the leap motion was; turns out that even if you have a point cloud, AR is still hard.
The sad thing is that there's no sign that Apple is actually building any kind of meaningful product with it.
Any kind of competitive advantage Apple might have as a company hinges on them actually building something novel and meaningful in this space.
I know they like to be all ninja and secret with their R&D, but you can't just hide in a closet for 6 months with a million dollars and pull out a strong AI; that sort of technological leap just doesn't happen very much any more, and certainly not without a lot of people noticing the massive amount of money it consumes to produce.