It's been a while, but it looks like Pegasus2000's made considerable progress with his work on Blind Assistant.

The developer is sending out word that the Visilab Research Center under the University of Messina (where Pegasus 2000 is a student) has just released the first official version of this app, and that it's now freely available for download.

In case you were not around during the initial release, here's a quote from the Visilab site regarding what Blind Assistant does:

Blind Assistant is an attempt to realize a software that can help men and children that are blind or visual impaired. The software is designed to run not on complex and expensive hardware devices, but on simple and cheap devices as Sony Playstation Portable (PSP).

Blind Assistant uses Nanodesktop tecnology for windows environment, it is able to speak with the user using ndFLite, a porting of the speech synthesis engine originally developed by the Carnegie Mellon University and it is able to recognizes the name and the position of the people that are present in that moment in your room, using complex algorithms (as Intel EigenFaces, PentLand PCA or SIFT).