There is some nascent technology that allows the eye to converge on two focal planes simultaneously, which looks like it can solve the bluriness problem[1], but I don't get the impression that meta is using this. And it doesn't solve the issue of ensuring parallax alignment between the display screen and the background, which can only really be done if you're tracking the pupil and compensating accordingly...
[1]: http://www.bbc.co.uk/news/technology-17692256