Virtual experiences, the last frontier maybe?

I'm pretty sure we are of the tme where this should be more easily accomplished engine wise but not to savy on the price of hardware these days.

I read an interesting book (cant remember the exact title) called Virtual Dimensions I think which was the story of an investigative reporter specialising in bringing news to the world via his books, of the happenings in virtual experiences tecnologies.
This book is now some 10 years old but back then a rig started from 250 K I think and gave physicle sensory feedback over the body, even to the extent of virtual sex.

There was some talk of a 50TK club where people were creating and experiencing VR as a club.

PHYSICLE SENSATIONS is maybe the key word here and even back then, people were working on smell