High quality video encoding and transmission is definitely already quite doable, depending on CPU power and network bandwidth and latency. Working on the team that creates the Web Client for GoToMeeting, I should probably know. Also, as new and improved video codecs arrive and CPU power is constantly increasing, it'd really need an anstonishing breakthrough to make VR meetings feasible before media quality improves so much that you would still wish for them to be possible.
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High quality video encoding and transmission is definitely already quite doable, depending on CPU power and network bandwidth and latency. Working on the team that creates the Web Client for GoToMeeting, I should probably know. Also, as new and improved video codecs arrive and CPU power is constantly increasing, it'd really need an anstonishing breakthrough to make VR meetings feasible before media quality improves so much that you would still wish for them to be possible.