It is absolutely the case that virtual reality technology will only get better over time. Maybe it'll take 5, or 10, or 20, or 40 years, but it's almost a certainty that we'll eventually see better AR/VR tech in the future than we have in the past.
Would you bet against that? You'd be crazy to imo.
Whether what they're using in 20 years is produced by the company formerly known as Facebook or not is a whole different question.