Wow that is an old video!
Why not try one of my more recent presentations : https://www.youtube.com/watch?v=IX2i0q3-Qqk&t=1028s
To answer your question; yes I still feel that VR is a footnote to a greater immersive entertainment platform. If you have been following the announcements about the 'Holoverse' DOE platform you can see some examples of the kind of platform I was alluding to in that presentation.
I know that it has been uncomfortable for some posters here to see the transition of their high expectations for consumer VR, only to see this falter while the Out-of-Home entertainment scene (that they derided for even being mentioned here) has grown and seems to be in the ascendant. I think they will have to take a leaf from OVR and embrace a new methodology.
Obviously there will be anger that our industry grows, especially as it will be difficult for some on this forum to share in the development and application of the DOE scene - resentment is coloring some comments, and I am concerned that are more news breaks about OVR's adoption of a commercial entertainment policy. Interesting times ahead.