Augmented reality applications are getting quite a bit of buzz in the mobile space.  These types of apps could be a huge hit in the future of mobile technology and the integration of mobile and social media.  Recognizor, developed by the team at TAT, (a Swedish software technology and design company), allows you to recognize your friends’ faces and associate them with social media service such as facebook, myspace and youtube.   Check out this cool video that shows a prototype of the technology.