Here’s a belated entry for those of you who are compiling year-end best of mobile app lists. People are tossing around words like “magic” and “future” upon giving Visual Quest’s new app a spin, and we’ve got to say, from demos we’ve seen, we’re pretty impressed.Word Lens is an augmented reality language translator–hold it up in front of a sign in a different language, and the thing will translate it in real time. All in all, it’s pretty fantastic, and a lot more useful than most of the games and other apps that tend to dominate the iTunes sales lists.The app itself is free, but there’s $4.99 fee for Word Lens’ various language packs. At present, the app only does Spanish to English and English to Spanish. More languages will be coming soon. Octavio Good, a developer behind the app explained its process thusly, “It tries to find out what the letters are and then looks in the dictionary. Then it draws the words back on the screen in translation.” Neat.Video of the app in action after the jump.