I am sure you are highly underestimating the cost of Morpheus. 100$, even 120$ with the camera? Double that, maybe.
Also it all depends on software support, I don't see many big third parties making games for it, until it is a success (at least not moneyhatted) but we already know about quite a few games in the making so it shouldn't be that bad.
I don't think it will be a smashing success, it will be a hard sell for Sony and big logistic operation, as I think the Best way to showcase VR is through demo stations in as many places as they can get them. And let's be honest it won't be a perfect experience as PS4 is simply not strong enough to provide high fidelity at 1080p 90 or more frames per second and bigger than usual field of view.
Still it will be the only really groundbreaking experience on consoles this generation it looks like, something that will distinguish PS4 from the others.
So it is happening...PS4 preorder.
Greatness Awaits!
