Augmented Reality is quickly becoming a hot ticket item in the mobile world and we’ve seen various nifty applications of the technology previewed recently. The key of course, is finding useful and valuable ways to apply AR concepts to mobile devices. Today, a preview of another infinitely useful AR app is making the rounds and we’re digging it big time. While the app name isn’t overly creative — Augmented Traffic Views — the application itself is fantastic. Built for the Android platform, Augmented Traffic Views combines a layer of AR above the device’s camera view with live traffic camera images and traffic data. Simply hold the Android handset up and the AR layer displays all available traffic camera points in the direction you’re looking. Tap one to see the most current available image taken by the cam. The app also packs some added features, such as an automated predictive tracking mode that will pop up traffic cam images ahead while you’re driving. Brilliant. Potentially dangerous, but brilliant. For the time being, Toronto is the only city covered by the app and there’s no word on when it might be available to the public. Hit the jump for the video and keep your fingers crossed that the developer decides to bring his work stateside to hit some major US metro areas as well.