I myself do love technology myself..
But I guess this is cool too... if you don't have much going on with your life.
It's a mix of reality + Virtual Reality (VR) . Basically they place the VR elephant in your hands. This would probably be great for something like a universal studio ride or any other theme park ride. Otherwise it's pretty usless. You can't play games with it. Might work for a zombie shooter in like a open or setup place like paint ball.