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the-pi-guy said:

There is a tremendous amount of excitement for VR.  I think it will be a "PS4".  
We have Sony, Oculus/Facebook, HTC/Valve, Microsoft, Google, AMD, Nvidia, and many others are doing something in VR.  Either making hardware/software to make VR work better, or actually making headsets.  Those are some of the biggest names in the technology business, nothing to scoff at.  

And on the software side, we already have a gigantic list for Oculus, though a smaller list on Morpheus's side.  The reality of those lists though, is that they are still close to a year away from what they will look like on launch day.  Plus on Sony's side, we are practically guaranteed to see more games at their events this year.  

Price is still up in the air, I've seen reasonable estimates and some very unreasonable ones.  

If the price is right, I think it'll be big as long as people spread the word.  

Scoobes said:

Well, if VR takes off, motion control will probably see something of a resurgence. Move is being used for Morpheus, Valve have design their own "motion" controls for Vive as have Oculus for the Rift. The "waggle" version originally shipped with the Wii may have been a fad, but the technology is evolving and I wouldn't be surprised if we see it come back in a more sophisticated form.

I also think that there are enough big corps pushing this tech and enough positive marketing that initial reactions should be good. There are a good number of devs and Indies (in games, software and movies) trying out new ideas for the tech/medium to progress. Price will be the big issue at this stage which is the main barrier I see at this stage but will come down with time which is why I forsee a lag period.

 

You're both making a lot of sense. This is being pushed by a lot of different people at the same time, and not necessarily competing, which is different from how Motion control went.