Google Translate now with real-time audio translation
wired.com
wired.com
You're lucky if you can even understand the output of a Google translation from Chinese or Japanese, let alone the translation being correct. Among machine translators, it's widely considered to be one of the worst in existence (e.g. see the "Translation Experiment" at http://amaterasu.is.moelicious.be/blog/?p=771).
Rules-based translators with vastly less training data than Google's tend to give far better results... and even then, they tend to be wrong constantly: "As you can see, four of the seven lines in this edited machine translation are almost the complete opposite of what the Japanese actually meant."
Google needs to improve its Chinese-English machine translation for the same reason it needs to keep working on Chinese -- you can't organize the world's information if you don't understand its largest language. But the underlying problem is that Google isn't engaging with China and doesn't seem capable of hiring people who actually straddle both worlds. Not that it hasn't followed Systran down the rules-based path.
Realistically, I don't see any other company out there which is making the sort of progress that they are in MT. The fact they are still wrong on occasion when tackling distant language pairs seems more a result of their being held back by a universal architecture for developing MT systems, not because they need to go back to an exclusively rules-based system. The future is hybrid anyway.
So you have the transcription, which sucks right now. Almost unusable.
Then you have the translation which can be okay depending on how simple the phrase is. So you're going to inputting a garbage transcription into a dubious translation engine.
Then you can output the voice, which I know works well now, great.
But the other pieces doesn't seem to be good enough yet in real world situations.
Or maybe the TV show "Timecop" (I think that's the one), where the protagonist, using little more than his wits and a handheld credit card computer kept chrononaut baddies from altering the past. Considering how close my phone is to the size of a credit card, we may be less than a decade away from that kind of thing.
Timecop was a Van Damme movie.
I thought the idea was ridiculous at the time...but now I look at my phones and realize how close it is to being realized.