Holosuites will not exist for a long while yet. Despite the name the "Holotech" of Star Trek relied as much on replicator, transporter, and force field technology to function as it did on holograms. That's why it was so realistic, as they pointed out it was for all intents and purposes real, as the computer was actually creating the things being interacted with and using transporters to move people and objects around to create the illusion of space. This is also why when the safety protocols were off, people could actually die, because unless it was being told to simulate something and pull the punches, the computer would pretty much create an actual gun to have a construct shoot someone with.
Now this lead to questions about whether actual lifeforms could be created on the Holodeck, and the answer is "yes". However given that the materials are being designed to be temporary and held together by the systems there, a lifeform can't really exist without those very same systems. It's not creating and destroying clones for example.
We're far more likely to get the same basic effect through neural interface long before we're likely to totally conquer matter and energy to the point of being able to do somthing like that. Of course given that the human brain is such serious business and the potential for people to be hurt or killed, I honestly have my doubts if the area is going to be looked into seriously. It would pretty much require a mengela-type figure with no regard for human life to do the nessicary experiments to develop this kind of technology. Even then once the basics existed I'm not sure if companies would ever release anything that worked directly in or on the brain as a consumer product to the lowest human denominator. The potential for liability would be too great. Shut off a video game suddenly you might corrupt data, shut off a game involving the human brain suddenly and you might do serious brain damage or cause psychological issues.
It's noteworthy that most of the works involving such technology involve "dark future" scenarios where society has collapsed, goverments are powerless, and human life is stupidly cheap. In most worlds where such tech exists, you have corperations who can peddle such tech because nobody can hold them accountable for problems their products might cause, or the danger they might present to a consumer. I mean in a world where some guy can walk on down to the local mall, and have himself wired into a bionic killing machine, and you need body armor and military grade weapons just to survive a two block jaunt, convential reality has ceased to apply to the point where people are beyond caring if Jr. might scortch his brain playing video games. Heck... in such worlds for all we know that's where the flesh eating psycho zombies that live in the sewers and periodically raid the surface for food actually came from.