"Augmented Reality" is currently a smart phone phenomenon that uses the phone's camera to overlay visual data on real spaces. Architecture student Keiichi Matsuda imagines a future where our visual space is completely overtaken by augmented reality.
Matsuda created a film illustrating the concept, and produced in in 3D, no less:
Augmented City 3D from Keiichi Matsuda on Vimeo.
Geoff Manaugh in BLDGBLOG quotes from the project description:
"The architecture of the contemporary city is no longer simply about the physical space of buildings and landscape, more and more it is about the synthetic spaces created by the digital information that we collect, consume and organise; an immersive interface may become as much part of the world we inhabit as the buildings around us."
FULL STORY: Augmented Metropolis

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UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research