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I'd mourn Nintendo because if they bet everything on it they'd go out of business. VR is too expensive for the average consumer and the technology isn't fully there to get an experience satisfying enough that you'd go out of your way to utilize it for every game you play. The only people who are really hyped about it right now are vocal hobbyists with a lot of disposable income.

Also, Hololens. I'd rather Nintendo invest in something like that than in VR.