A heads up display would likely integrate Google Goggles, Google Voice Search, Local Search, some iteration of OCR technology, and a camera. Here are examples of how the glasses might be insanely valuable to people and how advertisers might benefit.

Source: http://feedproxy.google.com/~r/sewblog/~3/UjLI64hBwyE/Google-HUD-Glasses-Possible-Features-Implications-for-Marketers
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