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I filtered oculus and this game popped up.. is it VR?

Yes, but the VR implementation is still very much WIP.

Oh man that would be awesome as the game is split screen? Does that mean one person on say oculus and touch controllers and one person on kbm or controller? That would be legit! Also how is the split screen and such working? Everything running smooth? Thinking about downloading it and giving it a shot with a buddie.. Also my twitch is twitch.tv/j3han - are we allowed to stream the game?

Unfortunately last time I checked (and I did check because I thought it would be awesome too) the Oculus Unity drivers didn't want to let me render stuff in addition to the VR, so for the moment VR is single player only. Eventually we want to get co-op over the internet if nothing else though.

You are very welcome to stream the game, thanks for sharing your twitch!