This was demoed at Google I/O for Project Tango, featuring furniture from WayFair among others. It's not true VR but AR, which actually works better for this application. Until consumer project tango hardware has shipped in quantity, though, it won't get past the demo stage.
The great thing about project tango is that since it has accurate depth sensing and builds a 3D model of the space, furniture placed is accurate to scale. Demo video: https://www.youtube.com/watch?v=2gYwc6nS7qs
The great thing about project tango is that since it has accurate depth sensing and builds a 3D model of the space, furniture placed is accurate to scale. Demo video: https://www.youtube.com/watch?v=2gYwc6nS7qs