It's called passthrough-AR, it's a feature on some VR devices, current limitations are that its sometimes monoscopic not stereoscopic or has fucky depth percept

It's called passthrough-AR, it's a feature on some VR devices, current limitations are that its sometimes monoscopic not stereoscopic or has fucky depth perception (and some devices have black and white passthrough), but as technology advances there is no reason all VR devices won't have near full fidelity passthrough. AR and VR devices eventually merge and become one device.