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Considering the price I think it'll be a slow burn, not a fad or gimmick. Considering the sheer potential and the way even the same game can feel completely different in VR I don't see it going away but slowly growing through word of mouth. Not to mention the sheer amount of potential for the movie industry to completely transform.

As the price of entry decreases in a few years time and developers/movie studios learn how to use the tech, it'll really start to take off.