Zuck's said a few variations of "building blocks are there" or "it is coming together" but also, "Even though it is still a long way off..."
This projection / demo video of the metaverse seems like a distraction to me. If FB doesn't have this to deliver, it is a lot like the old microsoft product concept videos. [1]
What is the intent? To see Zuck as a visionary? Does his speaking deeply on this subject attempt to position him / Meta as an authority?
Unless Facebook / Meta is setting expectations way lower than where they're about to deliver, I don't see how this will be viewed as anything other than a temporary salve to fill the vacuum sucking oxygen out of Facebook.