The suit would also enable touch sensations impossible in real world environments. For instance, waves of touch going from head to toe... It's likely that VR world designers will come up with fascinating new touch sensations we can't imagine here in 2007.
Also, one commenter speculates that you could use "internal muscular stimulators" to move people into the positions you want them in. You could start having nice harmless cybersex, and suddenly lose control over your own movements. It's like bondage, only potentially much creepier.
Full-Body Haptic Suits [Accelerating Future]