>If we are all able to each have our own ASI

Everything after that doesn't apply. If we each have our own ASI, the world will be so radically different that I highly doubt anyone is going take issue with using another's likeness. There would be no reason for law inside the virtual world if it is entirely your own. Do the simulated beings within your world have their own consciousness?

Impossible to predict.

If we're talking full dive, commercially available content that is supplied by some kind of company within the next decade or 2, then there will probably be a ton of limitations.