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between the resolution being 1080p on an OLED display and it being 120 Hz has me very optimistic but it also has me thinking this will be premium priced and therefore out of reach for the majority of PS4 owners.
If they can't get this into peoples' hands then content creators won't have a reason to make content.

I'm excited to try it and maybe even buy it but this could end up being a situation where only a few people get it right away, a few games come out for it and the sales are poor so devs back off making content and those who are waiting for a price drop or to see if it is worth getting ultimately pass on it because of the lack of content.

Sony cannot pull a Vita here. They have to show a commitment to this for it to be successful and/or be willing to take a significant loss to get on to as many heads as possible.