The fact that you have control over your attention... you can direct it to arbitrary things you could do or feel with an orange... that gives you the subjective impression of seeing the whole thing all at once, but that's just a lie your brain tells you. You only actually experience tiny vignettes.
You imagine your experience of "orange" is this massive huge bandwidth cognitive experience, but you only really need a handful of neurons to maintain a weak signal signifying orange.
A crude drawing of an orange in an app can trigger exactly those same neurons. As long as your mind is busy with other things, you won't even notice the difference. This is why novels work. And it's why comics work. "Understanding Comics" by Scott McCloud does a great job of showing how abstract representations of things can provide richer experiences than realistic ones.
Of course, if you direct your attention to the differences between the crude drawing and a "real" orange, you can interrogate those differences. But the fact that you can explore a rich representation of an orange in your brain doesn't mean that you do when you experience one in daily use.
But if you're going to be interfacing with the brain, then there's a lot we can do probabilistically - i.e. deliberately inducing different parts of the memory centers of the brain to promote recall, targeted to the patterns of activation at previous times.
Modifying the production of neurotransmitters or being able to deliberately dampen some would also lead to some interesting possibilities.
Despite being a massively parallel processing unit, it appears that there are only a few queues for data input.
Applying the awesome pattern matching power of the brain to a lot of data simultaneously (in parallel) is not something our brains appear to be capable of. Perhaps it would require too much energy and get too hot?
I'd love to see some research into just how much data can humans really process if humans are properly trained and the data is cleverly presented.
Consciously. Unconsciously, your mind is always looking for threats - big movements - in the periphery of your view. It's a co-processor which runs through a lot of data in order to direct your conscious mind.
> Perhaps it would require too much energy
I think that the problem of energy could be overcome. I think that instead of getting too hot, it would simply produce too much waste, and since the waste evacuation system for your brain only really operates when you sleep (at least, last I heard), this would be the main limiting factor.
Improving UIs will provide much more bang for the buck for many many decades to come. A neural lace is the equivalent of trying to increase the yield per square inch of the herbs in your window box when you have 100 acres of empty land around you.