Virtual Compass Lite is an iPhone and iPad application which shows a compass in augmented reality:
While looking around you through your camera's display, you will see a virtual compass in superimposed to your display.
This compass shows the direction of the 4 cardinal points, what ever the direction you are looking at.
Down or up, display shows a classical compass. In any angle where you are looking at, it seems fix to the ground or in the sky.
When looking at skyline, a scale of degrees points out the look direction. And in all device orientations, the scale stays straight to the skyline.

Features:
-Display with or without the camera activated.
-Direction: you can set a course by touching the compass on screen and moving the red cursor.
-Take pictures with horizon line compass on them.

Comming soon, the full version will add features about locate a map point or some GPS coordinates.