The crux of it for me:
- if it's not a person it will be out of sync, you'll be stopping it every 10 sec to get the translation. One could as well use their phone, it would be the same, and there's a strong chance the media is already playing from there so having the translation embedded would be an option.
- with a person, the other person needs to understand when your translation in going on, and when it's over, so they know when to get an answer or know they can go on. Having a phone in plain sight is actually great for that.
- the other person has no way to check if your translation is completely out of whack. Most of the time they have some vague understanding, even if they can't really speak. Having the translation in the glasses removes any possible control.
There are a ton of smaller points, but all in all the barrier for a translation device to become magic and just work plugged in your ear or glasses is so high I don't expect anything beating a smartphone within my lifetime.
Aircaps demos show it to be pretty fast and almost real time. Meta's live captioning works really fast and is supposed to be able to pick out who is talking in a noisy environment by having you look at the person.
I think most of your issues are just a matter of the models improving themselves and running faster. I've found translations tend to not be out of whack, but this is something that can't really be solved except by having better translation models. In the case of Airpods live translate the app will show both people's text.
I see the real improvements in the models, for IRL translation I just think phones are very good at this and improving from there will be exponentially difficult.
IMHO it's the same for "bots" intervening (commenting/reacring on exchanges etc.) in meetings. Interfacing multiple humans in the same scene is always a delicate problem.
Meta has a model just for isolating speech in noisy environments (the “live captioning feature”) and it seems that’s also the main feature of the Aircaps glasses. Translation is a relatively solved problem. The issue is isolating the conversation.
I’ve found meta is pretty good about not overdelivering on promised features, and as a result even though they probably have the best hardware and software stack of any glasses, the stuff you can do with the Rayban displays are extremely limited.
Bear in mind that simultaneous interpretation by humans (eg with a headset at a meeting of an international organisation) has been a thing for decades.