Not at all! Done right, we could have ended up in a sci-fi future strapped to our VR headsets all day long. But the real life, physical technology is just not here yet (maybe it's impossible and never will be), the software they invented for their lacking headsets is disgustingly bad (Horizon Worlds) and there is no nameworthy content.
I assume his advisors and tech leads all pulled the wool over his eyes and sold him their lofty dreams as tangible reality.