While I'm sure it's tricky to send and crunch that much data in real-time, it ended up looking really bad. Amateur hour. There was a giant blue fringe around her the whole time. The Star Trek "beam in" effect to start the interview didn't help.
To top it off it was nothing like a hologram--it was all virtual. Wolf was just looking at a TV monitor off set like he would with any other remote interview.
Televised news has officially jumped the shark. This, if anything shows how mainstream and traditional media is becoming more and more irrelevant as the Internet produces better, more relevant, and more focused news stories as a single outlet.
It's less impressive that this was done (as since the Matrix 360 camera angles have been thrown in more Michael Bayesque movies ever imagined), and more impressive that someone had the ability to sell this to a producer as a great idea.
To top it off it was nothing like a hologram--it was all virtual. Wolf was just looking at a TV monitor off set like he would with any other remote interview.