sogman Absolutely. Although, Quest 3 maximum video decoding is 8192x4096px @60FPS (when it comes to 60FPS which is the minimum we need for VR Videos).
You'll still have better video quality on your Quest 3 when watching videos produced by this 16K VR camera. For 2 main reasons:
1- The RAW video itself produced from this VR Camera is very high quality out of the box EVEN if they shoot it at 8K @60FPS because of its use of new and advanced image sensors that will provide better video quality from sharpness to colors compared to other VR Cams to put it simply.
2- If they shoot in 16K then Supersampled it to 8K @60FPS, you'll have a sharper image than native 8K @60FPS produced from this VR Cam and from other VR Cams.
But of course, the best is when we have future VR headsets capable of decoding 16K @60FPS to have this impressive native resolution of this VR Camera. And we have to be very patience until that happens.