Movement using coordinate mapped panoramic stills

These are all close to what I have in mind. Google street view comes closest. Imagine a room-sized version of google street view, but instead of a single path that street view offers, the photos taken are across a grid of the entire room, allowing one to move forward, backward, left and right. This completely eliminates the need to first build the room in a game engine, and also reproduces shadows, reflections, lighting and textures in a (literal) photo-realistic setting.

This technology would be best suited for museums and real estate.