A product that is obscenely expensive and therefore can't be sold as a consumer device is not vaporware.
Edit, to people that disagree: Did they have an even half-finished form? Did they offer it for sale?
Was it "announced to the general public but never actually manufactured nor officially cancelled"?
Vaporware doesn't always mean it's a scam. Sometimes it means there were intractable tech problems. Coming out with a fundamentally different product doesn't negate the missing product.
They promised light-field AR goggles, and you can buy light-field AR goggles.
If we distinguish the magic leap one as a different product, then from what I can see the original qualifies as vaporware.