In most foreign countries, I've been able to recognize signs for bathrooms and such, and most place names I can memorize (even if I can't read the language I can still think "okay, I want to go to the one with the squiggly second character").
I actually think this has high "cool factor", but have difficulty really coming up with uses. I think restaurant menus (as mentioned by my sibling comment) is probably the only real use, and even then knowing the name of the dish doesn't guarantee an item I'm able to eat.
Also, when I go abroad, I am definitely not enabling data roaming. In some countries, buying a prepaid SIM requires lots of documentation which is difficult to do if wandering around doing tourist-y things, etc.
(Sorry, I do think the idea is cool, I'm just trying to come up with reasons why its not the neatest thing since sliced bread)