It has been stated that it will be another 5 years before this feat of virtual representation can be accomplished. However at MellaniuM we have already developed the necessary application to provide these 3D virtual archaeologcal visualizations.
We have to sincerely thank the Kings' College Visualisation Lab for supplying us with the magnificent 3D rendering example of the "Theatre of Pompey"
Indeed the concept hinges on the ability to import high polygon models (static meshes) with high resolution textures into an MMO platform such as UNREAL. The environments and client are locally administered off your PC. Any web based browser client where the assets are stored remotely and must be downloaded as you travel through the virtual space can only result in lag and "less than immersive" latency effects. We have produced a movie to compare the graphical fidelity for archaeological visualizations of the MellaniuM application and Second Life.
The movie compares the Theatre of Pompey and the Titanic rendered in Second Life and in UNREAL using the MellaniuM application.
If you would like your personal demonstration of these archaeological wonders by a live streaming walkthrough of these spaces give me a call on SKYPE at joe133952