does this work in VR since it has virtual reality tag or not really
Off and on, kinda. AdeptusSteve (the lead dev) has said they're not focusing on VR right now and so if you can make it work, great, but if not, there's no support being offered as of yet. Their focus is on building the world first, and the VR is only there because Unreal Engine inherently includes VR compatibility as a feature. If you do get it working you'll find that menus can't be properly navigated because they only appear in one eye and way too close; this is not a bug per se, it's just not implemented in VR yet. You can sometimes do a combination of getting scenes prepared in the normal desktop environment, start the scene, put on your HMD, and press the VR shortcut to engage it, but it's awkward to say the least. Still, fun seeing the action up close when it works.