2EyeGuy has some experience in converting classic games to full VR, as he's behind the Dolphin VR emulator for the Nintendo GameCube and Wii. The PSP emulator bumps the resolution of the original significantly, and brings stereoscopic 3D, head-tracking and pre-warping to the games. Final Fantasy 7 plays just fine, for instance, judging by the video below from YouTube gamer Hoopermation.

That said, certain features still don't work, like motion sickness prevention, Direct3D support and button combinations for hotkeys. Also, you'll need to recompile your games, and it appears that some hardware setups don't work, judging by a Reddit discussion about it. However, users that did get it running are over the moon to see their beloved PSP games get a new life. As one guy put it, "Wipeout Pure is one of the best racing games of all time... holy f**ing shit!"