Most people will not be bothered to sit with some thing on their head for hours and hours, which is both the reason why he's wrong, and the reason VR will fail, hard. Aside from Oculus, it pisses me off that Sony invested funds in it as well.

"Oculus VR founder Palmer Luckey has said that ‘traditional’ TVs and displays will no longer exist in ‘a couple of decades"

It'd take 50 years from now if everybody in the world started having VR headsets today, then maybe in 50 years TV be something of the past.

We got the first plasma sets 20 years ago, the timeframe is nothing. No one wants to wear a VR headset while eating his food, who isnt putting his TV on in the background and reading his paper and doing other shit?

I think the next big technology is going to be flexible OLED screens in every form, size and shape.

Masses will NOT all wear their own headsets. If this were true then 3D glasses would have become huge.

Fact is, simplicity rules all. A TV makes more sense.

There are still beamers which will probably become more powerful and portable as well.