I had to put the App to test.
Printed some simple English words and tried it out.
Original paper:
What the App shows in REALTIME:
Comparison with Google Translate:
[EDIT: Note, Translating Muerto Fin to English in Google Translate, does result in 'Dead End'. Can any Spanish reader clarify why the original Google Translate chose to translate 'DEAD END' to 'callejón sin sali'.]
[EDIT: So let me get this straight. Their program, running on iPhone [256MB RAM, 600 MHz ARM CPU], can take a live image, perform OCR, translate, create another image with the translated words. And all of this happens real time? Wow.]
I think it's really hard to get a 'Wow' reaction from HN crowd. And you have hit a home run! As someone else said in this thread, you are going to make boatload of money. Congrats!