If the PSVR launches at more than $400 it may have a hard time of finding a market share and competing with other higher end VR consoles.
If the PSVR launches at $400 as I expect it will likely to moderately well
If the PSVR launches at less than $400 it will likely do very well against other high cost VR consoles.
The PSVR's primary advantages are a strong gaming line up, the best first party support and only requires a PS4 while Oculus requires a high end PC.
This is the Game of Thrones
Where you either win
or you DIE