Ok, I went to the Press Launch in Dubai and this what I found out.
1) AR Cards will be bundled with every Vita.
2) They can be printed out. (I know this because I played a game with the creator of the game Reality Fighters on a card that had been printed on the floor.)
3) The Augmented Reality works pretty well, and it is efficient.
4) PS Vita is epic.
Its a nice looking but I am not buying it. The games in the list doesn't interesting me at all. I will skip it and wait for 2 years from now. No hurry for I have plenty games such as PSP, Wii and PS3 to focus on.