If so, this could be game changing for allowing the creation of VR spaces quickly and inexpensively. E.g., play a VR game in your real house after mapping it with your iPhone X. Or better, do a detailed remodel in VR before doing it in real life.
A lot of commercial uses of VR technology (e.g., construction, industrial design, etc.) can benefit from inexpensive, and accurate mapping. Today, the alternative is to get an architect to build a model of your house, to build a crude version yourself, have a Hololens/Tango phone/or other nascent and expensive technology.
If not, what truly is the game changing aspect of these cameras + specialized compute for machine learning/neural nets? They have to have thought through dozens of use cases beyond photos, animated emojis, and other trivial entertainment... right?