This combines several things already out there (speech2text / translation) into something really useful. When does it hit Japan shores and our mountains?
※ The demo shown in the video is of the travel version on a DoCoMo phone which NEC sees as being useful for Japanese who need instant phrase translation instead of single words as most electronic dictionaries do. The average translation time from Japanese to English/Chinese is two seconds to recognize the Japanese and fourteen for the complete translation.