Various products have done this over the years. Forget app, actual keyboards and guitars that light up. It’s not a good way to learn.
It’s not even a good way to play. The delay between seeing the cue, and moving to play it, completely ruins the flow of playing (and listening to) the music - it introduces too many hiccups in timing.
It's true that it's not a good way to learn, but it's fun for a little while.
That's why an app on glasses for this is better than a complete alternative instrument; the app is much cheaper and should work with any real instrument.