Google just announced their augmented reality project. It's called Project Glass. From the announcement on Google+:
We think technology should work for you—to be there when you need it and get out of your way when you don't.
A group of us from Google[x] started Project Glass to build this kind of technology, one that helps you explore and share your world, putting you back in the moment. We're sharing this information now because we want to start a conversation and learn from your valuable input. So we took a few design photos to show what this technology could look like and created a video to demonstrate what it might enable you to do.