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Formulas between custom objects

I have two different custom objects on two different tabs.  I would like to pull data from a field in object 1, and use it in a formula in object two's field.  Is this possible?  If so, how is it done?  Any help would be greatly appreciated. 

This is not currently possible with the formula language.
It is on our product roadmap as part of the "cross object formulas" initiative to allow references to fields on related objects (master-detail relationships).  Tentative target is end of the year (ish).


Eric Bezar
Platform Product Management

I need help with an age formula.  I have 2 custom fields in one the lead page, Date of Birth and Age.  I need to have a formula that will figure the Age from today's date (in years and months) and populate the Age field.