You saw it on Star Trek – the Universal Real-time Speech Translator. Now Israeli start-up Lexifone has developed live voice real time speech translation based on its proprietary generic software platform, which statistically optimizes voice data, in conjunction with its learning based linguistic and semantic translation. Or as they said on Star Trek – “it’s life Jim, but not as we know it”.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000703245&fid=1725