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Soundwave said:

I think VR actually could be a blue ocean, it could be an entertainment medium in itself that goes beyond just video games.

That said, I think Nintendo is probably too late on that with Sony, Facebook/Occulus, Samsung, etc. already well into development of their own versions.

The competetion is really fierce these days every company nowadays is looking for the "next big thing" in electronic entertainment. 

Most agreed that VR could most definitely be blue ocean since it provides a potentially very different interactive experience compared to the rest of the gaming devices ...

Nintendo is indeed outdone by the likes of those that you mentioned ...