If you have a compatible headset (Vive/Oculus/WinMR), check out the experience here: http://store.steampowered.com/app/771310/Welcome_to_Light_Fi...
This approach is a pretty major step for creating believable VR experiences. You're still limited to a pretty small space (great for seated users), but the effect is very convincing and entirely unlike traditional photo-captured experiences previously available for VR. You can move your head around (but only within the sphere) and everything tracks the way you'd expect: parallax works, light rays through windows move, reflections change as your perspective changes, and people's eyes can track you as you move.