VR is waning as fast as 3DTV, but is that a sign of extinction? Cinema operator IMAX, which used $50 million in venture capital funding to open virtual reality arcades in cities from New York to Bangkok, shuttered all the locations after just two years. What is going on? Experts are saying its yet another overhyped fad.
VR seems to be a great way to immerse yourself in movies, 3d experiences and a whole host of immersive…