Several AR applications already exist for smart phones although they are still imperfect. They have many features and can be used for a variety of different searches. LAYAR is one of the most popular and is available for both Apple and Android operating systems. It has a selection of "layers" that allow users to do location based searches for almost anything. One of the most useful I have found is the apartments for rent search although it is best used within a large city. 
Google is said to be working on their own version of AR which will incorporate the already released Google Goggles app. The technology they are developing will be able to recognize specific objects or locations just using equipment that is already in all smartphones. The app can already be used to identify bar codes, artwork, landmarks, labels, and of course wine labels. One of the uses that Google has said it is planning is plant leaf recognition software for.... plant people I guess. Regardless the concept is pretty cool and we will see it be perfected in the next few years.
Personally I see one of the more successful applications for AR is its use with instruction. Today if someone wants to know how to build, fix, or do pretty much anything chances are there is a video of exactly how to do it on You Tube. In the not too distant future most of us may be turning to AR for this particular issue. Below I have included several videos that are great examples of exactly what I am talking about.
How to assemble IKEA furniture.
Although I feel like BMW mechanics should already know how to take apart one of their own cars, this video is one of the best illustrations.
Matt Mills of Aurasma, demonstrates their version of AR and its uses.
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