This is certainly correct vis-à-vis the real implications, but usually not the behavioral tendencies. In a way most "virtual lives" seem more similar to the real life of actors and public figures, i.e. persona-oriented.

Its certainly more experimental. Thats what you lose when privacy goes away.

Despite the name, "real" and "virtual" here are actually communicating something. What would be a better name?

Offline and online are the terms I (try) to use when referring to "real life" and "online" for similar reasons: online is still "real life".

I say (try) because hold habits die hard and an occasional "real life" slips in here or there.