It seems a combination of sametime and 2nd life.

smarterplanet:

“Sametime 3D” — a joint development effort between IBM Research and IBM Lotus extends the notion of collaboration beyond instant messaging, giving teams the ability to meet and interact in a 3D environment through a Sametime plug-in. Once in world, participants can share presentations or videos, utilize the ‘collaboration wall’ to create, discuss, modify and prioritize input for project plans, strategy development, process or requirements analysis or other collaborative activities, and export the results for further analysis

Sametime 3D video presented at the 3DTLC event April 20-21 in Washington, DC. (via jgluckibm)