Check out Fat Shark video goggles - people have been doing this for a while now. Using an Oculus Rift would be better with two cameras (to take advantage of th

Check out Fat Shark video goggles - people have been doing this for a while now. Using an Oculus Rift would be better with two cameras (to take advantage of the stereoscopic 3D) but would be difficult and expensive because the Rift is HDMI and corrects for chromatic aberration by requiring software to convolute the image. That means you'd need to get the video from the cameras, to a PC, through the reverse-chromatic aberration kernel, and onto the Rift without introducing too much latency.