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Replace every occurrence of Occulus rift and VR with Kinect and Minority report controls and the whole statement sounds eerily familiar.
It all depends on whether games can be made that can be played comfortably on a VR headset for prolonged periods of time, that are much better than playing them the conventional way.

The positional tracking looks great, 1080p per eye is still low for 110 degree field of view but should be sufficient for a good experience. Now work on the game play.