Today's VR will be laughable. It will be as painful to look at as PS1 3D.
I many be the only one, but I personally love early 3D graphics. As retro games should, they remind me of the time period which they were new and relevant. I am certainly not defending how they look, but in terms of them having some value, I would argue they absolutely do to a handful of us.
But to answer the topic, anyone who is alive at the moment to remember what it going on will probably look back on it pretty fondly since the past year or so has seen some of the best games to ever be made. I know personally that trying to save money has been difficult because there are just so many awesome games coming out every few weeks or so. Like turf, I believe the whole VR thing will look a little silly since it still has not taken off like everyone predicted it would. My guess is because it is not affordable for most people, nor has it been heavily supported by developers. I honestly think that the true value of VR will probably end up being for virtual traveling and porn in the end.
As for what gaming will look like in 33-years from now it is anyone's guess. I honestly believe it will be some sort of simulated reality (kind of like the Matrix) where you are briefly unaware that you are in a simulation. Console gaming will likely be dead as well since the industry is already at the point where PS4 and XBONE are just mid range gaming PCs. I think that this trend will only continue until the two become indistinguishable.