It does, except that this technique can, in theory create a holodeck like experience for a group not wearing headsets. That would be better for training and simulation.

For a while I was looking at building a basement with a "picture window" which was really just a view from the floor above ground. "Normal" displays don't simulate a good window experience, a curved display can give a decent simulation if you don't move (and that is what they do in flight sims as you are constrained to your seat), but a light field simulation would really give you the feeling you were looking out of the window directly, even when moving around your point of view.