having a fantastic or deceptive appearance, as something in a dream or created by the imagination.
having the appearance of an optical illusion, especially one produced by a magic lantern.
changing or shifting, as a scene made up of many elements.
http://dictionary.reference.com/browse/phantasmagoric
Which at the moment describes a lot of the vr content out there. Oh! yes and the VR part of the title stands for virtual reality.
