Did you watch the POV with the argument reality images or without? there are two videos the one with the filmed behind the googles shows all of the argumented reality, however there is a disclaimer to say when actually riding all the argumented reality actually lines up correctly and doesnt look like it does in the POV where it looks out of sync and racers floating in the air etc.
It basically uses the same basic ride system as Men in black. Although early reviews are positive, although they often are. i have initially had same thoughts as yourself. Good though to see alot of physical sets rather than all screens though and also the use of projection mapping used to good effect as well.
They have come up with a much quicker way of dealing with headsets over how many current VR attractions use head sets in that the headset frame is fitted in the preshow, once boarded the screen element which is attached to the ride car just clips onto the front of your already fitted headset.
Its going to be added to Orlando somehow and think likely they will add to replace the kid zone at Universal as per the original plan now epic Universe is delayed as dont think they will want to wait another 4-5 years before they get the attraction in Orlando, plus they announced this week the outdated Barney show in kids zone wont be reopening. They then have time with delay to come up with a replacement land for epic universe, possible some of the other Nintendo properties.