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VR is at the beginning. It will become a huge success as its a fundamentally different way to interact with technology and people.

I think communication will be the main draw for VR for the mainstream.

Oculus is actually realistic about the potential and expects hundreds of thousands maybe the low millions for the first headset,

However there is so much stuff you can do with VR its mindblowing.

It has to start somewhere and it will become a big thing in the next decades.

AR is technologically more complicated and I am not talking about the simple things like overlaying 2D Sprites over a picture like PS Eye games or AR phone apps.

But about a system that renders an object correctly and stable in an augmented reality. 10+ years I would guess.

Oculus Vive and PS VR is here and will build a dedicated fanbase that will slowly grow over the years.

I am confident it will happen and is the next big thing.

It might start out as a small thing not for everybody but Mobile+VR+Internet+more computing power will fundamentally change our society soon..

Most people will use it regulary for non gaming uses. Or maybe everything will be a game of some sort.

Throw self driving cars (right around the corner) + Carbon nano tubes + Space Elevator + Fusion+ medical advances in the mix and we will withness scifi of the 80s maybe around 2050-2060