This one's been a long time coming but it looks like Dutch company SPRXmobile has launched the world's first Augmented Reality browser. Layar, as it's called, runs on Android and aggregates the data from the cellphone's compass and GPS coordinates to understand where you're standing and what you're looking at. A "radar view" then applies a visual information layer on top of the camera display as you pan around your environment. Content partnerships including a local bank, social networking site, and a realty company allows Layar to identify houses for sale, nearby ATMs, and local clubs and bars all laid out visually on your cellphone's display. Layar will be available this month in The Netherlands via the Android Market for phones such as the G1 and HTC Magic. It will launch in the US, Germany, and the UK sometime later this year with the iPhone 3G S listed as a primary target platform. Looks great with plenty of data populated in the video sample (posted after the break) but we have to wonder how well it works in day-to-day reality.

Update: As pointed out by a number of readers, calling this a world's first is a bit of stretch considering apps like Wikitude (a travel guide) and NRU. When pressed, SPRXmobile said they are a world's first AR browser platform.

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Video: SPRXmobile's Layar is world's first Augmented Reality browser for cellphones