The Verge provides a look inside Microsoft's Edison Lab, in which very smart people are working to create what is basically a Holodeck in your home:

Stevie Bathiche, director of research at Microsoft's applied sciences lab, says to "imagine a day where in your home, one wall is dedicated to being your magic wall. A wall where it can teleport you to another world without really going anywhere." Bathiche shows off a number of systems that aim to accomplish this vision, including a system that projects LED light to detect a human being's movements in space, and a glasses-free stereoscopic display that can be "steered" by the viewer as they move.

They have video of the project at The Verge. You should go watch it; this is exciting stuff.