Apple Thoughts: Text Live, to See What You Are About to Run Into

"Text Live is an app turns your iPhone into the ultimate multitasking tool, by allowing you to do a myriad of things while watching what's in front of you using the iPhone's camera."

I can see the lawsuits coming from this one! Your focus will still be on the text not on the small screen showing you what is ahead so I don't see this as the fix for being distracted while texting. The only sure way to avoid being distracted is to NOT TEXT, especially while you are driving.