"Virtual ground" lives on as a concept for operational amplifier circuits, and was rarely used in the age of vacuum tubes.
For a simple circuit, the voltage at the inverting input will remain damned-near constant, equal to the voltage at the non-inverting input, because of the negative feedback.
With split supplies, that voltage might well be "ground", with power rails symmetric about ground, but with a single supply (as is the current fashion), it is often necessary to generate an intermediate voltage, usually with low current drain, to maintain the voltage at the non-inverting input.
The term virtual ground implies that the voltage is constant regardless of the current flowing into that node.