I think VR is a possibility from Nintendo. Unlike the the more powerful systems delivered by Oculus, Steam VR, Holo..something and Sony Morpheus I think Nintendo's VR will probably be a portable system delivering a good VR experience enough for cartoon graphics etc that you play in the car, bedroom, on the train or keep in your bag ready for when you have a few minutes to spare etc. Something that folds flat when not used for easy storage. That's the sort of VR experience I would expect from Nintendo, basically an extension of their 3DS range and I would expect their 3DS range of software to be fully compatible with their VR portable system. Personally I would be very interested in such a system and can see it be a huge commercial success just like most of the handheld/portable products of recent years.
What I can't see is Nintendo making some huge investment in a competing product for home console type VR to compete with Microsoft and Sony. I think this is definitely not happening. I think it likely Nintendo will withdraw from the home console arena except for devices that are basically handheld power but can also connect to tv.
