AR Laser-Tag with your friends. They have health bars and when you shoot them, the damage displays like in borderlands.

You're right though. Every example I've seen demoed is something that teleports you somewhere else. Your own theater. The cockpit of a car, somewhere other than where you're at. Apple and Microsoft has some Rudimentary floating windows/workspaces, but to me that's just like looking at a screen anyways. If AR worked like it does in video games, combined with strong image and facial recognition and object detection, giving real time contextual useful information, it could be so ubiquitous that people end up feeling like it's just another natural part of their interactions with the world around them and others.