It is intense. I love Horrogames which is why I bought myself an Oculus Rift. And to this day I have not completed some of the horror games I have because its too intense.
I cant even imagine how I will react once we have 130 degree FOV and 4k per eye. Everything will look so much more realistic and plastic.
I actually can deal with Horror if I have something to defend myself with. A gun for example. But if I am helpless like in Dreadhalls and my only weapon is to run I am starting to really get an Adrenaline rush.
I really envy PSVR guys that can play RE7. Hope VR mode comes soon to the PC too.