Good Language for Implementing Computer Vision System / Algorithm / Application?
Maybe you can be more specific about the scope and scale of your work (academic project? Desktop or Mobile commercial product? Web-based commercial project?).

Some recommendations and comments:


Matlab is common in the academic world, and quite good for sketching/validating ideas. You will have access to a large body of code from other researchers (in CV and machine learning); prototyping and debugging will be very fast and easy, but whatever you will have developed in this environment will be hard to put in production. Depending on what your code is doing, you might have memory/performance problems (there are situations where you can't describe what you want to do in terms of Matlab's primitives and have to start looping on pixels and Matlab's being an interpreted language is not helping in this context). Interaction with databases, web servers etc is not easy, sometimes impossible (you won't get a Matlab program to become a Thrift server called by a web front-end). Costs $$$.
C++ is what is used for many production-grade CV systems (think of something at the scale of Google's image search or Streetview, or many commercial robotics applications). Good libraries like OpenCV, excellent performance, easy to put into a production environment. If you need to do machine learning, there are many libraries out there (LibSVM / SVMlight, Torch). If you have to resort to "loop on all pixels" code it will perform well. Easy to use for coding the systems/storage layers needed in a large scale retrieval system (eg: a very large on-disk hash map for storing an inverted index mapping feature hashes to images). Things like Thrift / Message Pack can turn your retrieval program into a RPC server which can be called by a web front-end. However: not very agile for prototyping, quite terrible for trying out new ideas, slower development time; and put in the hands of inexperienced coders might have hard to track performances and/or instability problems.
Python is somehow a middle ground between both. You can use it for Matlab style numerical computing (with numpy and scipy) + have bindings to libraries like OpenCV. You can do systems / data structure stuff with it and get acceptable performances. There are quite a few machine learning packages out there though less than in Matlab or C++. Unless you have to resort to "loop on all pixels" code, you will be able to code pretty much everything you could have done with C++ with a 1:1.5 to 1:3 ratio of performance and 2:1 to 10:1 ratio of source code size (debatable). But depending on the success of your project there will be a point where performance will be an issue and when rewriting to C++ won't be an option.