Lawrence Krauss isn’t optimistic:
In the first place, even if you could be invisible, it wouldn’t be all it is cracked up to be. It is a simple law of physics that interactions are two-way streets, so if you are invisible because nothing interacts with you, then alas, you wouldn’t be able to see—your retina would not intercept light. So there goes all the fun.
But all may not be lost:
Incidentally, as one who has always been a fan of low tech, my favorite form of invisibility cloak is simply one with a big screen in front and a camera behind. The screen projects the image of what is behind the object. This idea has not only been used to hide houses but is also being explored for camouflaging troops in battle. It is called active, or optical, camouflage , and while it doesn’t exploit any new physics, it may do the job.
Similar technology is featured in the 2009 news report from Japan seen above.
The Dish 