If you have an oculus headset and Ableton live, it's definitely worth investigating MoveMusic! Here it is demonstrated by CeeDee33Bee alongside a well-explained setup tutorial which I've linked below. It's an excellent fusion of the kind of high quality audio Ableton is capable of within a responsive virtual reality environment.
In the video, he's using MoveMusic with an Oculus 2, sending data to Ableton via MIDI loopback - using a system which was built using Control Surfce Studio. Sounds good and seems to be very playable! Here's the tutorial:
More videos on his youtube channel.
About the author [midierror]: midierror makes nifty Max For Live devices, innovative music hardware, award winning sample packs and hosts a podcast speaking to people in the music world.
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