In theory if VR arrives with AGI or something that is good enough, I think I will be too old to enjoy it. Unless theoretically science can 'fix' me. This makes your scenario pretty unlikely for me.

You can argue that we already live in societies where no one is 'real'. Everyone plays a role except around friends and family. But you can't control that reality like VR, right?

The problem is that we don't know who will create VR and how. Maybe like OpenAI and other technology companies they would force their moral values on us. Perhaps they will limit the VR products to something tame.

But personally, if I had the choice, I would go for the wildest dreams. With flying, magic, and interstellar travel. I don't really understand why that would be bad, unless we are talking about the load on the computing infrastructure.