1. A method for exchanging information in a shared interactive environment, comprising: selecting a first physical device in a first live video image wherein the first physical device has information associated with it; causing the information to be transferred to a second physical device in a second live video image wherein the transfer is brought about by manipulating a visual representation of the information; wherein the manipulation includes interacting with the first live video image and the second live video image; wherein the first physical device and the second physical device are part of the shared interactive environment; and wherein the first physical device and the second physical device are not the same.