You're referring to Mixed Reality, which is the concept that Magic Leap is working on (rather fantastically). It may ultimately prove more enjoyable than VR in

You're referring to Mixed Reality, which is the concept that Magic Leap is working on (rather fantastically). It may ultimately prove more enjoyable than VR in a variety of ways, but it has a different set of challenges. The goal there is to bring virtual objects to your world, while the goal of VR is to transport you to another one.