I will call this kinect lens because basically they took a regular pare of glasses and taped it to a kinect. I bet if I did the same thing, I could view some crazy shit in AR mode. Reminds me of how the Rift is just a tablet with ordinary lenses taped to it. Funny how inventions are that simple. Bet I could create an uber Wii remote by taping some camera shits to it.
I think you are greatly oversimplifying it. Yeah, you could scan the environment with the kinect/glasses, but the problem if projecting holograms is an immensely difficult problem well beyond anything the kinect can do. It's no doubt the kinect is the basis for this development, but there's a reason why they had to create an entirely new type of processing unit to handle the holograms.
