A lot of the most interesting applications of VR have less to do with gaming, and more to do with perceptions of self. What's it like to see outside of your own subjective experience of body and self?
NSFW warning on the video below.
Enter The Machine To Be Another, an art installation that uses the Oculus Rift to let two people live inside each other's bodies. Both participants synchronize movements, and are given a stereoscopic view of what the other is seeing. What would I be like if I was shorter? What if I was a different gender?
Obviously isn't a perfect simulation, but the goal is clear: To give a glimpse, however briefly, into the everyday world of others.