Back in college (~2008) we implemented this with a 7 foot tall back-projected screen and a couple of Wii remotes after seeing Johnny Lee’s video. The nice thing with that screen was that you could stand so close to it you couldn’t really see the edges.

We had as many people come test as we could, and we found that 90% of them didn’t get a sense of depth, likely because it lacked stereo-vision cues. It only worked for folks with some form of monocular vision, incl myself, who were used to relying primarily on other cues like parallax.