Seems cool. Until you realize that there's a pretty substantial processing overhead to rendering dozens of 3D images from a variety of slightly shifted angles.
The more promising solution that's been devised for light weight lenses are fresnel lenses... good ol' fresnel. Improve the quality on those and the artifacting should be reduced considerably.
Your smarphone? So its going to suck arse. I dont care about the other vr stuff but occulus. Most of the VR hype train stuff is the old stuff that was shit 20 years ago with new displays.