Yeah, I suppose that could describe it. That's probably the more practical end of it, and what we'll see AR be used for at first. (Actually that's what we ARE seeing right now, in cell phones.)
It goes far beyond just data though, since any graphic a computer can create, can be placed in the real world. So while it can be used to attach digital data and information to the real world, it can also be used to enhance/edit/augment you're visual view of reality. Theoretically, with advanced enough graphics and software, everything you visually see in your surroundings can be "themed" or edited.
In Dennou Coil, an anime in which this technology is a key part of the plot, the characters have virtual pets which follow them around in the real world, only visible through their AR glasses displays. If they need to look something up online, a virtual keyboard and screen appear in front of them like a hologram, for traditional web browsing. Characters can create virtual objects to interact with in the real world, and some even have virtual agents/robots which can go off on their own, and even be used to spy on others... Course that's the advanced futuristic end of things.




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