Questions about Adobe Flash Player image functionality.

Is this just a product image that you rotate on a page? 

It's either a simulated 3D object, where it's basically just an progression of images of the object taken as it's rotated, and moving the object left to right involves moving through a list of images of the same object at slightly different angles.  I think that's probably what this is.

Alternatively, you could make an actual 3D object with a mapped texture, displayed using Stage3D (which would use GPU acceleration).

A VR video would be the opposite of this, where your viewpoint looks out from the center, and the projected image of the world moves around with your viewpoint.  I don't think you would need actual VR technology to make the content above.

I hope that helps.