The lenses currently display 720p video (a 1080p version is in the works) and can display content from devices like your iPhone through the use of a special adapter.
Cinema glasses aren't exactly anything new. You typically wear the glasses like you would your favorite pair of shades, and then see what appears to be a private giant screen in front of you. The downside of these cinema-shades? You can't see what's actually going on in the world around you. Lumus is attempting to fix that issue with a new line of video glasses that you can see through. The transparent lenses display what appears to your eyes as an 87-inch screen, while allowing you to see what's going on in front of you at the same time.