Apparently Disney Magical World is "videogames -- the game," as you can do pretty much anything ever based on this new video. While we've seen lots of footage so far on the Animal Crossing-like village exploration gameplay, evidently you can hunt Heartless-like ghosts in dungeons (and fight bosses), take photos, collect up to 300 cards, StreetPass, "dine with friends," and collect items as well as use AR cards.
The jury is out on how fun any of this will be, but it's interesting to see Nintendo promote this so heavily, much less publish the game in the US considering how close it is to one of their flagship franchises.
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destructoid's previous coverage: Disney Magical World