This app still has its bugs (it can't handle large blocks of text), but from what I've been reading it's pretty fucking amazing... doesn't handwritten very well, but the fact that it keeps the text formatting of real-life objects is absolutely mind fucking blowing. I figure it can only get better:
There's a free version that will flip or remove real-life text, and I think it's $5 for the Spanish translation stuff (I'm not associated with this in any way, just tripping hard on it).