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I guess i need to remind most of you who doesn't know how the resolution of VR screens work, they use a different ratio from normal display/monitor on LCD/LED screens, you will not see 1920X1080p on any VR device and they have two screens for each eyes so PS4 will able to handle some games that created solely for Morpheus. Also Morpeheus have some kind of device that interpolate and accelerated the graphic form PS4.

Oculus Rift is worse then Morpheus in term of audience or marketing target, because it's only available if you have a minimum speck for the games that support the VR and that's even smaller then people who have an enthusiast GPU on PC market, unless people bought it for other function such as medical expertise, or others non gaming related function.