Just gave it a test and it works pretty well. The image needs to be clear, but it was able to read the American Express logo off of my bill, a website address off of a keychain, and the Time Warner logo off of the remote.
Edit: I tried an image of the Centrino and Vista logos side by side on my laptop and its top result was for a German book. It did get the Centrino logo in the Other results, though.
Edit: I tried an image of the Centrino and Vista logos side by side on my laptop and its top result was for a German book. It did get the Centrino logo in the Other results, though.