I know companies that are very interested in professional VR applications today using the Vive, but Hololens isn't practical yet. I think in a few more revs it will be really great. VR now, AR when it's ready, but AR will definitely be bigger.
It seems like the first high-use product in this category will be a lightweight regular looking set of glasses that simply displays your notifications.
Then in the future, add a camera to display overlays on the real world.
In our current tech landscape, we mostly interact with the digital world through screens. AR has the potential to turn any real world object into a human-computer interface. I definitely think AR technology is going to be nothing short of revolutionary once it matures, possibly even more so than the advent of the modern smartphone.
I can't imagine VR being as omnipresent in our daily lives in its current state. Oculus or Vive implies you are shutting yourself from the outside world. You cannot interact. You cannot go out, talk with others etc. It's easy however to imaging how Hololens can enhance existing reality and how anyone (even my grandmother) could use it for their daily lives.