It's garbage right now, but it's ultimately just the last step in distracting the masses. Like smart people have been saying things are getting bad rapidly. Bread and circuses have always been used to keep the public from questioning or even being concerned as society collapses around them. This will just be the most immersive circus ever created.
Full blown degeneracy will be available through VR sex; people of any age, fat, skinny, ugly it won't matter cause VR. Escapism will be taken to new levels. Instead of going out people will go to shows, concerts, games in VR at home.
It's not 100% foolproof and I don't think it will turn into a Matrix like dystopia. But consoomers will be thrilled about it and they won't ever wake up to the fight going on around them