The Samsung Gear 360 Virtual Reality Camera (SM-C200) records video in 360 degrees up to a 4K resolution in dual lens mode or 1080P in single lens mode. It comes with a built in battery and connects to the Galaxy S7 via Bluetooth.
The software package it comes with includes the Gear 360 Gallery, remote viewfinder application, HDR, exposure control, white balance and ISO settings, a Liveview option, and the ability to switch between recording a 360 (dual lens) or 180 degree (single lens) front or rear view. Other view types include a mode called VR view, dual view, panoramic view, and time lapse and looping video.
Liveview sounds like we will be able to live broadcast in VR from our phones LTE/WiFi connection from anywhere in the world. Price and release date haven't been announced but I expect to hear more about this on February 21 when Samsung announces the Galaxy S7.