It’s a busy day for iPhone news at Layar today. If you haven’t already, make sure you hit up the AppStore and upgrade to the most recent release of Layar. There’s nothing different, no new features or anything, but this version fixes a few bugs that were occurring due to the release of iOS 4.3 by Apple.

And while you’re in the AppStore, search for an app named SurpriseMe AR - the latest app that makes use of our brand new Layar Player. The Layar Player allows iPhone developers to easily implement augmented reality into their very own iPhone apps by simply copy and pasting a few lines of code.

SurpriseMe AR is an app from Elipse Analysis and Design that lets you give and receive gifts to and from your friends using augmented reality. You can add your friends, pick a gift and place it in virtual space for them to discover. Or perhaps you will be the lucky recipient of an AR gift from them!

The app supports 3D models, photos, audio files and text gifts. You can place the objects like dropping a pin on a map, and your friends see the gifts pop up around them in augmented reality. The application connects to Facebook to help you add friends and manage gifts both on the app and on your personal computer.

To see how it works simply check out the video embedded below after the jump! And don’t forget to upgrade your iPhone to the newest version of Layar!