Well, we aren't yet "in it", but there's a lot of fun to be had with VR (and especially AR) activities. For example, I love how Eleven Table Tennis allows me to play ping pong with another person online, such that the table and their avatar appear to be in my living room. I don't know if this is "the future", but I'm pretty confident that these sorts of interactions will get more and more common, and I think that Meta is well positioned to take advantage of this.
My big vision for this space is the integration of GenAI for creating 3d objects and full spaces in realtime, allowing the equivalent of The Magic School Bus, where a teacher could guide students on a virtual experience that is fully responsive and adjustable on the fly based on student questions. Similarly, playing D&D in such a virtual space could be amazing.