I would nice to have a realistic expectation of danger. For example wet roads and curves. Too fast downhill curves. Blown tires on cobble…you get the idea.
During races sure, but for free rides, group rides and training rides I would have to say no.
It’d be kind of funny to see people walking their bikes with a blown tire. Not funny for them of course…
Also, there’s no breaks, so it’s hard to slow down on curves.
Tbh I’d probably put something through my TV screen if I’m maxing my HR in a race and at the crucial moment my avatar hits the deck and a message pops up telling me to wait for the neutral service car… 
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…and emphysema from riding around with all that volcanic ash in the air. I hate to think what the AQI is in Watopia.