ABBYY TextGrabber + Translator

Supported devices	iPhone 4, iPhone 4S, iPhone 3GS
Operating system	Apple iOS (iPhone OS) 4.0 and higher
Memory	The distributive size is 25 MB; 35 MB program memory for installation.

Supported languages	Recognition	Full-text translation with Google Translate	Word-by-word translation with Lingvo
Afrikaans
Albanian
Basque
Breton
Bulgarian
Byelorussian
Catalan
Chechen
Chinese (Simplified)
Chinese (Traditional)
Crimean Tatar
Croatian
Czech
Danish
Dutch
English
Estonian
Fijian
Finnish
French
German
Greek
Hawaiian
Hungarian
Icelandic
Indonesian
Irish
Italian
Japanese
Kabardian
Korean
Latin
Latvian
Lithuanian
Macedonian
Malay (Malaysian)
Maori
Moldavian
Mongol
Norwegian
Ossetic
Polish
Portuguese (Brazil)
Portuguese (Portugal)
Provencal
Quechua
Rhaeto-Romanic
Romanian
Russian
Samoan
Serbian
Slovak
Slovenian
Spanish
Swahili
Swedish
Tagalog
Tatar
Turkish
Ukrainian
Welsh

Chinese (both traditional and simplified), English, German, Korean, French, Italian, Portuguese (Brazilian), Russian, and Spanish.