Yes, mapping geometry/mesh to real world structures/skylines/halls/rooms of real locations, geolocation, orientation of device and local structural data. That is when augmented reality really takes over. We may even see a time when looking at something without some sort of augmented view is strange. Tango seems to be going right at that.
Personally I cannot wait to be chased by Cloverfield like monsters/creatures along the skyline and weaving in between buildings downtown. Movie ads are going to be amazing.